Acergy, partner bag USD240m pipeline deal in Brazil

Oslo-listed oil service company Acergy SA and Brazilian Odebrecht Oil & Gas have won a USD240m contract from federal oil giant Petrobras to carry out works on the Sul-Norte Capixaba pipeline project offshore Brazil.
Acergy's share of the contract is nearly USD190m, the company said in a statement today.
The contract involves engineering, project management, procurement and fabrication services.
Acergy's work also includes the installation of a 150 km gas pipeline linking the Camarupim field gas pipeline to the Parque das Baleias complex.
Engineering will start immediately with offshore installation scheduled to commence in late 2011, using the vessels Acergy Polaris and Acergy Harrier.
The Sul-Norte Capixaba project is located in water depths of between 30 m and 100 m.
Source: Press release