SapKencana delivers pipe layer to Petrobras for work offshore Brazil

Encouragingly, deliveries continue apace despite the woes of the oil and gas (O&G) industry, with Malaysia's SapuraKencana Petroleum (SapKencana) delivering its sixth and final pipelay vessel (PLV), Sapura Rubi, to Petrobras, the company said in a stock market announcement.

The vessel commenced work in Brazil on 14 August 2016, with operations in for Petrobras in Brazil being done through its Brazilian joint venture 50-50 company with Seadrill, Sapura Navegacao Maritima (SNM).

SNM was awarded two long-term major contracts, worth a total of $4.1bn, by Petrobras in November 2011 and June 2013.

The contracts were to build and operate a total of six PLVs for offshore deepwater flexible pipelay work in Brazil over a period of up to eight years, with an extension option of up to another eight years.

Sapura Rubi joins five other fully integrated pipelay vessels that were delivered in stages and are all now working in Brazil’s deepwater fields.

“The commencement of work for Sapura Rubi marks the completion of our building program of six pipelay vessels to our customer, Petrobras, to operate in the ultradeepwater regions in Brazil.

“All vessels are now in operation, on time and on budget, highlighting our continued commitment to operate efficiently and effectively,” said SapKencana president and group ceo Shahril Shamsuddin.

Posted 22 August 2016

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Vincent Wee

Asia Editor, Seatrade Maritime News