Archived Press Releases › Wellstream Announces Contract Award From Petroleo Brasileiro SA (Petrobras)
14th November 2007
Wellstream do Brasil Industria e Servicos Ltda a wholly owned subsidiary of Wellstream Holdings PLC announces the award of a contract from Petroleo Brasileiro SA (Petrobras) with a value in excess of £40m for the provision of production flowlines and risers for the Marlim Sul Module 2 (P-51) development offshore Brazil. This contract forms part of Wellstream 2008 Heads of Agreement with Petrobras currently under negotiation.
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For further information contact:
Wellstream International:
Jason Nunn +44 (0)191 295 9000
Tulchan Communications:
Peter Hewer/Dominic Fry +44 (0)207 353 4200
Notes for Editors
Wellstream International Limited is a wholly owned subsidiary of Wellstream Holdings PLC (FTSE:WSM). The company is a leading designer and manufacturer of bespoke flexible pipeline products, systems and solutions for the oil and gas industry. Its pipeline portfolio includes established product lines such as dynamic flexible risers and static flowlines, for deep and ultra-deepwater environments, in addition to newer products designed for onshore (FlexSteelTM) and high temperature/high pressure products for drilling and service applications. With over 800 employees internationally, Wellstream has offices/facilities in Newcastle upon Tyne, UK, Panama City, Houston and Denver, USA, Calgary, Canada, Rio de Janeiro and Niteroi Brazil and Perth, Australia. Further information regarding Wellstream, its products and services can be accessed at www.wellstream.com.