Oil services firm Technip SA (TKPPY.PK,TNHPF.PK), leader of a 50/50 consortium with Techint, Wednesday said it was awarded by PNBV a substantial contract for the topside construction and integration, the commissioning and start up assistance of the P-76 floating production storage and offloading or FPSO unit.
Located in the Santos Basin pre-salt area offshore Rio de Janeiro, Brazil, this unit will produce 180,000 barrels of oil and 7 million cubic meters per day of gas.
Technip's operating center in Rio de Janeiro will perform the project management, engineering and procurement. The 24,000-ton modules fabrication, integration and commissioning will be performed in Techint's yard, in the South of Brazil. The project is scheduled to be completed by mid-2017.
José Jorge Araújo, Technip's Senior Vice President Onshore Latin America and Offshore Brazil, said, "...This contract strengthens furthermore our presence in the burgeoning Brazilian offshore pre-salt market, where our leading-edge position enables us to meet its high standards and requirements."
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