TechnipFMC pipelay support vessel wins long-term contract with Petrobras

TechnipFMC has secured a long-term charter and services contract by Brazil’s Petrobras for its pipelay support vessel Coral do Atlântico.

The Brazilian-registered vessel has been secured on a three-year contract, with an option to extend.

Coral do Atlântico will mainly be deployed in ultra-deepwater of up to 3,000 meters. Operations are expected to begin in the second quarter of 2022.

This is the third TechnipFMC pipelay support vessel to be contracted by Petrobras this year.

“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 flexible,” said Jonathan Landes, president, Subsea at TechnipFMC.

“Coral do Atlântico’s versatility and ability to work in deep or shallow water is a large part of the vessel’s appeal. This latest contract further strengthens our collaborative, trusting relationship with Petrobras that spans decades.”

While TechnipFMC did not specify the financial terms of the deal, the company said the contract is worth around $250 million to $500 million.