TechnipFMC awarded $250 million subsea service contract offshore Brazil
(WO) — TechnipFMC has been awarded a master services agreement (MSA) for subsea services with Petrobras worth at least $250 million. The three-year contract has the option to extend for a further two years.
TechnipFMC will provide life-of-field subsea services to support its installed base offshore Brazil. The contract covers equipment and tooling installation, intervention, and maintenance. The agreement also includes technical support for subsea umblicals, risers and flowlines.
The agreement succeeds a previous MSA and supports Petrobras’s increased volume of operations. TechnipFMC will supply the subsea services for its base in Macaé, Brazil.
The company has been providing subsea services for four decades, according to Jonathan Landes, President of Subsea at TechnipFMC. “This new MSA continues our enduring partnership with Petrobras,” he said.