Petrobras hires Oceaneering for intervention and completion ops in Brazil

Photo by Rafaela Biazi on Unsplash

Subsea services provider Oceaneering International has secured a four-year contract with a one-year optional extension period from Petrobras in Brazil.

Oceaneering said on Monday that the contract was won by its wholly owned subsidiary, Marine Production Systems do Brasil Ltda.

According to the company, the contract will support intervention and completion operations in Brazil.

Under the terms of the contract, Oceaneering will supply and operate three drill pipe riser (DPR) systems with installation workover control systems along with project management, engineering, and support services.

The company plans to manufacture the associated umbilicals for the DPR systems at its facility in Niteroi, Brazil.

Oceaneering added that it would start constructing and building the assets in the third quarter of 2018, and expects work under the contract to begin in the third quarter of 2019. The contract value is expected to exceed $50 million in revenue during the initial four-year period.

Roderick A. Larson, president and CEO of Oceaneering, said: “This award draws on our innovative capabilities and core competencies, including our expertise in control systems and umbilicals for the subsea industry, and demonstrates our ability to grow into adjacent markets.”

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply