Technip Gains Petrobras BAVIT Contract Extension
Technip has signed a four years extension of its five-year initial contract signed in January 2011 with Petrobras S.A. for its Flexible Pipes Logistic Base (BAVIT), located in Vitória, Brazil. The scope covers storage, handling, inspection, testing, load-out (two simultaneous vessel load-out points), internal cleaning and maintenance of flexibles pipes. The base has a 300t handling capacity, storage capacity for 220 reels and serves as the main load-out point for all pre-salt flexible pipes. Adriano Novitsky, President of Technip in Brazil, commented: “Technip is very proud of this
FPSO Cidade de Ilhabela Formally on Hire
SBM Offshore is pleased to announce FPSO Cidade de Ilhabela is formally on hire after achieving first oil and completing a 72 hour continuous production test leading to Production Acceptance Notice (PAN). The FPSO will operate under a twenty year charter and operate contract with Petrobras S.A. on the Sapinhoá field development in the Brazilian pre-salt. The unit is owned and operated by a Joint Venture formed by SBM Offshore (62.25% ownership stake) and its partners.