Veolia Environmental Services Signs Marine Services Contract with Petrobras

August 11, 2009 8:24 AM EDT

Veolia ES lndustrial Services' (NYSE: VE) Marine Offshore Division is pleased to announce that it has signed a contract with Petrobras America, a subsidiary of Petrobras (NYSE: PBR), to provide marine services in the Gulf of Mexico. The Viking Poseidon, one of VES' deepwater marine vessels, will be deployed for work on Petrobras' Chinook/Cascade subsea development, one of the deepest Floating Production, Storage and Offloading (FPSO) facilities in the world. The vessel will support new field development for phase one of Petrobras's FPSO.
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