The work will be performed by the Discovery in fourth quarter of 2006 and the third quarter of 2007; engineering and project management for this project is being undertaken from the company’s Houston office, following the refocusing of this business unit to the deepwater SURF market.
The second new award is for an extension to the existing Seaway Condor contract, valued at $140 million for four additional years of work from September. This contract to install flexible flowlines and risers in water depths of up to 2,000m was previously extended in 2001. Two additional awards, also for Petrobras, are each for two additional years extension to the ROV contracts on the Toisa Conqueror and the Normand Borg, together valued at approximately $16m.