Dutch Driller Secures €1B In Brazil Pipe-Laying Contracts

Law360, New York (August 9, 2013, 3:19 PM EDT) -- Dutch energy and mining services company IHC Merwede Holding BV's offshore division has secured orders worth a combined €1 billion ($1.33 billion) for six pipe-laying ships from U.K. energy firm Subsea 7 SA and a Malaysian-Norwegian private energy joint venture, IHC Merwede said Friday.

IHC Merwede will supply Subsea 7 and Seabras Sapura — a partnership between Malaysia's SapuraKencana Petroleum Bhd. and Norway's Seadrill Ltd. — with three ships each. The vessels will be deployed off the coast of Brazil in the Atlantic Ocean, the Dutch...
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