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Petrobras awards Technip/DOF Subsea JV ~$3.5bn in contracts for four new pipelay support vessels; ultra-deep water capabilities

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(Petrobras) has awarded the joint venture formed by Technip (50%) and DOF (50%) has eight contract covering the construction of four new pipelay support vessels (PLSVs) and operation in Brazilian waters to install flexible pipes. Two of the vessels, of VARD 3 05 design, will be delivered in 2Q 2016 and 3Q 2016 respectively.

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