Petrobras Starts 8-Year Contract With DOF Subsea and TechnipFMC

In Official Statement from Companies Yesterday(18) on the Oslo Stock Exchange, a Major Partnership Cycle with Petrobras for Pipelay Works and Marine Operations with 6 Vessels Comes to a Close

DOF Subsea and TechnipFMC announced that the Skandi Olinda, a flexible vessel flying the Brazilian flag owned by the joint venture formed between DOF (50%) and TechnipFMC (50%), has commenced its 8-year contract with Petróleo Brasileiro SA (Petrobras).

The Skandi Olinda features cutting-edge pipeline and marine technology. It has a vertical layer system (VLS) tower capacity of 340 tons *, a 2,500-ton carousel, and two work-class ROVs **, allowing it to install flexible pipes at water depths of up to 2,500 meters. It was built at the Brazilian shipyard Vard Promar, where a replica with the same specifications, the Skandi Recife, was also constructed.

Under the DOF / TechnipFMC joint venture contract, TechnipFMC will manage the flexible pipelay and DOF will be responsible for marine operations.

* Contracted capacity of 300 tons
** ROV: remotely operated vehicle

This event was first announced on the Oslo Stock Exchange via a press release at 22:30, 18.02.2019.

Comments from the CEOs of the Companies

The CEO of DOF Subsea, Mons S. Aase, said: “The extensive newbuilding program of 4 PLSVs together with TechnipFMC combined the subsea and vessel expertise within our organizations. Delivering the Skandi Olinda and starting the contract with Petrobras marks the successful completion of the joint venture’s newbuilding program, which now has six vessels.”

Arnaud Pieton, Subsea President of TechnipFMC, commented: “We are very pleased that the Skandi Olinda joins our fleet of specialized vessels. This new charter contract with Petrobras reinforces our commitment to the development of the Brazilian market and our extensive deepwater pipeline experience.” We are looking forward to seeing the vessel delivering projects in the field.”