Petrobras has extended the charter contract for the pipelay vessel Skandi Vitória for two years from September 2013. The vessel is owned through a joint venture formed by DOF Subsea, a subsidiary of DOF ASA, together with Technip. Skandi Vitória is the first pipelay vessel built in Brazil, equipped with vertical and horizontal pipelay systems, a 250 mt crane and two ROVs. The vessel is capable of operating in water depths of up to 3,000 m (9,843 ft).
Accion Group, the independent administrator of the procurement, issued a report saying customers will see savings of around $375 million over the 20-year contract period versus the company’s avoided cost.
The career oil and gas man has put his money on U.S. natural gas via Comstock Resources Inc. and the Haynesville Shale.
The acquisition from LLOG Exploration and its affiliates is expected to strengthen Murphy’s GoM portfolio at a “very attractive price,” Murphy Oil CEO Roger W. Jenkins says.