Technip lands €1.35B with Petrobras

|About: Technip (TNHPF)|By:, SA News Editor

Technip (TNHPF.PK; TKPPY.PK) says its JV with Norway's DOF Installer secured contracts to supply oil servicing equipment to Petrobras (PBR); its share is worth €1.35B ($1.8B).

The contracts cover the construction of four new pipelay support vessels and operation in Brazilian waters to install flexible pipes.