Seeking Alpha

Technip lands €1.35B with Petrobras

  • 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.
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