Major New O&G Pipelines Raising Environmental Concerns
Claudio Paschoa
June 16, 2013
Recently Petrobras, the Brazilian national O&G operator announced that it had awarded Technip a 5-year frame agreement contract for the supply of around 1,400 kilometers of flexible pipes, with supply starting in 2013 and orders are guaranteed for at least 50% of the total value, which is currently estimated to be worth around US$2.1 billion. Flexible pipes for the contract will be produced both at Technip's existing manufacturing site in Vitoria, and also at our new manufacturing facility under construction in Açu, Brazil. This agreement is a direct spinoff of the investment Technip made last year in building a second state-of-the-art flexible pipe plant in Brazil…