PARIS, Aug. 16 (UPI) -- French engineering company Technip said it started work on a contract that could help Brazilian oil company Petrobras tap hard-to-reach offshore reserves.
Technip said it was working with its counterparts at DOF Subsea on a support vessel that could help Petroleo Brasileiro, known also as Petrobras, with the installation of pipeline infrastructure in the ultra-deep waters off the Brazilian coast. It's the first of four covered under an eight-year charter contract with Petrobras.