Brazil: Frame Agreements TechnipFMC Selected by Petrobras to Deliver Flexible Pipes for Maximizing Oil Recovery
TechnipFMC has bagged three frame agreements from Petrobras under which the company will produce more than 500 kms of flexible pipe over the next four years to help Petrobras maximize its oil recovery in the Brazilian deepwater environment.
Houston/USA – TechnipFMC has been awarded three frame agreements by Petrobras that reaffirm the Company’s leadership position in Brazil’s flexible pipe market – the industry’s largest and most established market. Altogether, the frame agreements form a large contract for TechnipFMC.
The contracts were awarded as part of Petrobras’s drive to increase oil recovery in its brownfield developments, mainly in post-salt fields offshore Brazil. The frame agreements cover the manufacture of more than 500 kilometers of flexible pipe over the next four years, as well as services.