Subsea giant, TechnipFMC, announced the receipt of a substantial master services agreement (MSA) from Brazil’s state-owned entity Petrobras.
For TechnipFMC, a substantial contract is valued between US$250 million and US$500 million.
Jonathan Landes, President, Subsea at TechnipFMC, commented: “This new MSA continues our enduring partnership with Petrobras. We are delighted to continue this relationship through this direct award. For 40 years, we have provided services from Macaé, demonstrating the strength of our commitment to delivering services using our in-country workforce.”
The three-year contract has an option to extend for a further two years. Technip said it will be providing life-of-field services to support its installed base offshore Brazil.
The contract covers installation, intervention, and maintenance of both equipment and tooling, as well as technical support for subsea umbilicals, risers and flowlines.
The new deal succeeds a previous MSA and supports Petrobras’ increased volume of operations.
Services will be supplied from TechnipFMC’s base in Macaé, Brazil.
Petrobras has been pursuing an aggressive ramp-up of oil production in its offshore pre-salt basin. The company plans to put 18 more oil vessels over the next five years.
