Nordic Business Report-January 29, 2007-Sevan Marine ASAs FPSO unit starts journey to Brazil (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian offshore technology company Sevan Marine ASA said on Monday (29 January) that the FPSO (floating production, storage and offloading) unit SSP Piranema has started its journey to Brazil. From the Keppel Verolme Shipyard in Rotterdam, the FPSO will go to the port of Aratu, Salvador, Brazil. There the unit will undertake customs clearance and acceptance testing and be temporarily moored, awaiting tow-out to the Piranema Field in the state of Sergipe. The expected transit time is 35 days, the company said. The SSP Piranema has been contracted to Petrobras under an 11-year charter contract, with extension options for an additional 11 years. Sevan Marine is headquartered in Tananger in Norway. The company provides floating production, storage and drilling technology, and reported revenues of NOK147.8m in 2005. Sevan Marine is listed on the Oslo Stock Exchange and traded under the ticker SEVAN. One British pound (GBP) is worth approximately 12.17 Norwegian kroner (NOK). ((Comments on this story may be sent to [email protected]))