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Contract Awards: Acergy S.A. awarded $140 million contract in Brazil

Posted on 02.11.2007 - 14:00 EDT in CONTRACT AWARDS by Rons_ROV_Links

Acergy S.A. awarded $140 million contract in BrazilAcergy S.A. (NASDAQ NM: ACGY; Oslo Stock Exchange: ACY) announced today that it has been awarded a new three year contract for the Acergy Harrier by Petrobras in Brazil, with an option for an additional three years.

This contract, valued at approximately $140 million for the first three years, is for the provision of saturation diving services to water depths of 300 metres for new construction tasks and inspection, maintenance and repair work, together with ROV services to 2,500 metres. This contract is due to commence in November 2007.

Philippe Lamoure, Vice President South America Region, said: "We are very pleased to have been awarded this contract for the Acergy Harrier. This award follows more than ten uninterrupted years of similar work by this ship for Petrobras during which we have achieved an excellent safety and operational track record. It also indicates the high degree of customer satisfaction with both the Acergy Harrier crew and our support organisation in Macae".

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