SapuraCrest Petroleum has confirmed it has bagged a trio of pipe-laying vessel construction and charter contracts worth $1.4 billion from Brazilian oil giant Petrobras.
The Malaysian oil industry services giant is to build one of the units in Brazil with the others being constructed outside the South American energy powerhouse, it revealed in a statement on Tuesday.
SapuraCrest has been in the running to land half of the total of six flexible pipe-laying support newbuildings approved by Petrobras' board.
SapuraCrest subsidiary TL Offshore has been handed the job of building the deep-water units and chartering them to Petrobras, all for work in Brazilian waters.
SapuraCrest has reportedly received bids from a list of Brazilian yards that include OSX, Eisa, STX, Brasfels and Wilson & Sons for construction of one unit.