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TechnipFMC, DOF Subsea, Petrobras reports delivery of Skandi Olinda vessel in Brazil.

Global Banking News-February 19, 2019-TechnipFMC, DOF Subsea, Petrobras reports delivery of Skandi Olinda vessel in Brazil

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Onshore/offshore company TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) revealed on Monday the launch of a charter contract for the Skandi Olinda, with DOF Subsea (DOF) and Petroleo Brasileiro SA (Petrobras).

The eight year charter contract has been initiated for Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%).

Pursuant to the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay and DOF will be responsible for marine operations.

Built by the Vard Promar Brazilian yard, Skandi Olinda has state-of-the-art pipelay and marine technology. She has a 340-ton Vertical Lay System tower capacity, a 2,500-ton underdeck carousel and two work-class ROVs, allowing her to lay flexible pipes in water depths up to 2,500 meters.

((Distributed via M2 Communications -

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Publication:Global Banking News (GBN)
Date:Feb 19, 2019
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