Brazil's Açu Shipbuilding to build pipelayerYard News // February 29, 2012
OSX reports that it has been contracted by Sapura Navegação Marítima S/A for the construction of a pipelaying support vessel (PLSV), for a total amount of approximately US$263 million.
The vessel will be built by OSX at the Açu Shipbuilding in the north of the State of Rio de Janeiro.
The PLSV will be 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 in Malaysia.
SapuraCrest is currently in the process of obtaining its shareholders approval for a proposed joint venture with Seadrill Limited. Seabras Sapura will be the joint venture vehicle for the proposed joint venture.