Technip and Dof Subsea Awarded Contract for the Charter of the First Brazilian Pipelay Vessel

17th June 2008

17 June 2008

Technip and DOF Subsea announce that their 50/50 joint venture has been awarded
by Petrobras a contract, worth approximately USD 250 million, for the four-year
charter of a new pipelay vessel. The vessel will be used for pipelines installation and
retrieval offshore Brazil, at water depths reaching 2,000 meters. The contract includes
an option for an additional four-year period.
This vessel will be the first of her kind built and registered in Brazil, and will be fitted
with a 200 ton lay tower and a 250 ton crane. She will be able to carry up to 2,750
tons of flexible pipe and umbilicals*.
This vessel is part of Technip and DOF Subsea’s fleet development strategy. She is
currently under construction at Aker Promar’s yard in Rio de Janeiro, Brazil and will
be owned by the Technip/DOF Subsea joint venture.
Under a separate contract, Technip will also provide Petrobras with the engineering
and support services for offshore operations of the vessel.