Fossil energy – Brazil
TechnipFMC has been awarded a long-term charter and services contract by Petrobras for the pipelay support vessel Coral do Atlântico.
The deal is worth between $250 million and $500 million.
The vessel has a history of long-term charters with Petrobras and has consistently been awarded the client’s highest rating for operational performance, quality of work, and health, safety and environment, TechnipFMC noted.
“Coral do Atlântico is the third of our pipelay support vessels to be contracted via a long-term charter by Petrobras this year, indicating rising demand in the Brazilian market for flexibles,” Jonathan Landes, the president of subsea at TechnipFMC, said in a company statement.