Brazil: OSX to Construct Pipe-Laying Vessel for Sapura

OSX was hired by Sapura Navegação Marítima S/A for the construction of one PLSV (Pipe-Laying Support Vessel), for a total amount of approximately US$ 263 million, to be built and delivered by OSX at the Açu Shipbuilding Unit, in the north of the State of Rio de Janeiro. A PLSV is used for laying and installing flexible pipelines on the seabed.

Sapura is a wholly-owned subsidiary of Seabras Sapura Participações S/A, which is currently wholly owned by SapuraCrest Petroleum Berhad, a company based in Malaysia, where it holds a leading position in engineering and offshore transportation & installation services for the oil and gas industry. SapuraCrest is currently in the process of obtaining its shareholders approval for a proposed joint venture with Seadrill Limited, one of the world’s largest offshore drilling companies, listed in Oslo and New York, with a market value of approximately US$ 18 billion, operating a fleet of 48 offshore drilling rigs worldwide and 14 rigs under construction. Seabras Sapura will be the joint venture vehicle for the proposed joint venture.

“The clientele of OSX’s Shipbuilding unit is now also including global players of the oil and gas industry, such as SapuraCrest and Seadrill. The OSX team is proud of this achievement, reaffirming our commitment that OSX’s Shipbuilding Unit is available to contribute to the development of oil production in Brazil” stated Luiz Eduardo Guimarães Carneiro, CEO of OSX.