ROVworld Subsea Information

i-Tech announces major new contract awards offshore Brazil & further ROV fleet e
Date: Tuesday, April 15, 2008 @ 14:00:00 EDT
Topic: CONTRACT AWARDS


i-Tech announces major new contract awards offshore Brazil & further ROV fleet expansionSubsea 7 Inc, through its i-Tech division, today announced the award of three new contracts valued in excess of $ 30 million for Petroleo Brasileiro S/A - Petrobras.

The three Petrobras contracts, offshore Brazil, are for the provision of ROVs onboard three drilling units, with a combined term of 15 years.

A new build QX 125hp ROV system will be provided onboard one of the three rigs, the first QX to be deployed on a Petrobras contract offshore Brazil.

i-Tech today also announced that it is increasing its ROV fleet and has placed an order for further new build Centurion QX deepwater work class vehicles.

The 125hp Centurion QX is rated to operate at water depths up to 2,000m as standard with options to upgrade to 3,000m and beyond. The systems will be supplied with advanced, light weight, high performance handling systems and bespoke heavy weather launch systems.

i-Tech's Managing Director, Neil Milne, commented, "These awards further enhance our relationship with our client Petrobras. We are particularly pleased to provide our first QX system to Petrobras and securing long term work for the QX ROV systems currently in build".







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