# TechnipFMC awarded $250M-$500M contract by Petrobras for pipelay vessel

TechnipFMC received a substantial long-term charter and services contract from Petrobras for the pipelay support vessel Coral do Atlântico, valued between $250 million and $500 million, for operations offshore Brazil starting Q2 2022.

- Type: Contract
- Announced: 2021-10-11
- Where: offshore Brazil, Brazil
- Value: $375.0M
- Status: announced
- Products: pipelay support vessel services, flexible pipe
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [TechnipFMC](https://endata.com/companies/1151.md)
- [Petrobras](https://endata.com/companies/2820.md) (customer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20211011005318/en/TechnipFMC-Awarded-Substantial-Long-term-Contract-by-Petrobras), 2021-10-11: "Coral do Atlântico is the third of our pipelay support vessels to be contracted via a long-term charter by Petrobras this year, indicating rising demand in the Brazilian market for flexibles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.