Sapura Energy secures $1.8bn contracts from Petrobras [Yahoo! Finance]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
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Source: Yahoo! Finance
The Malaysia-based offshore services company said that the contracts were obtained through its joint venture (JV) companies, owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration with Paratus Energy Services. The JVs, in which Sapura Offshore, a wholly owned subsidiary of Sapura Energy, holds a 50% equity interest, won the contracts as part of a competitive tender process. The deal includes the full fleet of six multi-purpose PLSVs, namely Sapura Diamante Sapura Topázio Sapura Esmeralda Sapura Onix Sapura Jade and Sapura Rubi. Spanning a period of three years, the contracts have varying mobilisation dates for each vessel, involving the provision of subsea engineering, installation and other related services in Brazilian waters. The scope of work encompasses operations for the installation of flexible pipes, electric-hydraulic umbilical and power cables, and tasks such as loading, laying and connecting spans at a maximum water depth of 3,000m. La
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