McDermott, an engineering, procurement, construction and installation (EPCI) company, has won a five-year contract from Petrobras to install subsea flexible pipelines and umbilicals in up to 2,000m of water offshore Brazil.
Work will start at the end of the second quarter of 2011, and McDermott will use its subsea construction vessel ‘Agile’.
McDermott President and CEO Stephen Johnson said the project is a strategic one for the company as Brazil is an important and growing market.
"This project highlights the confidence Petrobras has in McDermott to provide subsea services using our subsea construction and support vessels in the deepwater offshore installation market in Brazil," said Johnson.