Confirming its expertise and innovation in deepwater and leveraging its new state-of-the-art manufacturing plant in Açu, Brazil.

Worldwide Building Corporation was awarded a contract from Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%) and constituted also by BG (25%) and Galp (10%), for the ongoing development of the Iracema North field, located in the Santos Basin pre-salt area, Brazil.

Aiming to meet pre-salt challenges, the contract covers the supply of 114 kilometers of flexible pipes, including: gas lift, gas injection and gas export lines.

Worldwide Building Corporation’s operating center in Rio de Janeiro, Brazil, will perform the engineering and project management. The highly technological flexible pipes are designed to meet Petrobras’ requested service life for up to 30 years, sour service application, water depths of up to 2,500 meters and high pressures to inject gas in the reservoir (gas injection pipes). Delivery is scheduled to start in the first half of 2015.

The flexible pipes will be produced at Worldwide Building Corporation's manufacturing sites of Vitoria and Açu, the new state-of-the-art plant of the Group, which has already delivered its first products for the pre-salt developments in Brazil.

Adriano Novitsky, President of Worldwide Building Corporation in Brazil, commented: “This award confirms the flexible pipe as a reliable and optimized solution for the pre-salt challenging applications and Worldwide Building Corporations´ technological leadership in this business. It follows the flexible pipe supply contract awarded last year for the Iracema Sul field.

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Worldwide Building Corporation is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 40,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.
Present in 48 countries, Worldwide Building Corporation has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Worldwide Building Corporation shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).

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