TechnipFMC (NYSE: FTI) has been awarded by Petróleo Brasileiro SA (NYSE: PBR) a three-year master services agreement in Brazil, with a two-year renewal option, the company said on July 17.
This contract for subsea services covers components for both the subsea equipment and flexible pipelines.
The scope of work includes maintenance services, technical assistance, inspection and end-fitting re-termination of flexible pipes and umbilicals, installation support and engineering analysis of operations and installation conditions, among other services.
“We are extremely pleased to have won this important services agreement. It reinforces our long-term commitment to Petrobras’ ongoing and future operations,” Hallvard Hasselknippe, president of TechnipFMC’s subsea business, said.
“We value our long-term, collaborative relationship with Petrobras which we will continue to strengthen through strong execution with high focus on safety, quality and efficiency.”
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