Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Petrobras inks $260m umbilicals deal

    Petrobras inks $260m umbilicals deal

    October 2, 2013
    Share
    Facebook Twitter LinkedIn WhatsApp

    Petrobras02 October 2013, News wires – Brazil’s Petrobras has signed a deal worth $260 million with an Italian company for the provision of subsea umbilicals for use predominantly on its pre-salt plays.

    The state-owned oil giant has also extended an existing agreement with contract winner Prysmian with the supply of flexible pipes.

    The new frame agreement with Milan-based Prysmian will see Petrobras take up to 360 kilometres of umbilicals for use on its pre-salt fields off Brazil.

    The agreement contains a minimum 50% purchasing commitment with orders to be placed within a two-year period.

    In addition, Petrobras has extended an existing frame agreement covering flexible pipes until 2016, Prysmian said on Tuesday. That deal has a value of $95 million with $20 million worth of orders already placed for use on the Macabu, Jubarte and Marlim Leste fields.

    Both the umbilicals and flexible pipes will be fabricated at Prysmian’s Vila Velha facility in Espirito Santo state, Brazil.

    Prysmian has worked with Petrobras on numerous previous occasions having been awarded a previous four-year, $135 million flexible pipe deal five years ago.

    In early 2008 the Italian scooped an $18 million deal to supply steel tube umbilicals to Petrobras for use on fields in the Santos, Campos and Espirito Santo basins.

    – Upstream

    Related News

    Russia plans to compensate for oil overproduction in August-September

    Russia’s fuel export revenue in June fell 14% from last year, IEA says

    US OKs exchange with Exxon Mobil to aid Gulf Coast supplies

    E-book
    Resilience Exhibition

    Latest News

    Russia’s Novatek says Q2 gas output up 2.8% y/y

    July 12, 2025

    LNG Canada’s start-up yet to lift gas prices amid supply glut

    July 12, 2025

    Russia plans to compensate for oil overproduction in August-September

    July 12, 2025

    Taiwan’s CPC Corp eyes US shale gas assets, sources say

    July 12, 2025

    China sets its first renewable standards for steel, cement and polysilicon

    July 12, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.