The Norwegian offshore shipbuilder, which trades as STX OSV Holdingson the Singapore Stock Exchange, is eying high value contracts to constructpipelaying support vessels in Brazil.
CIMB Securities says oil and gas giant Petrobras is likelyto order seven vessels as early as the end of this month.
Vard has been tipped to win two units in a deal that couldstretch to $560m with the vessels to be built at the company’s new Promar yardin Brazil for delivery in 2016, CIMB says in a report.
The
