Brazilian oil company Petrobras has awarded McDermott a contract for the engineering, procurement, construction, and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Brazil.
McDermott said on Tuesday that the contract was a significant one. The company defines a significant contract as being worth between $250 million and $500 million.
Under the contract, McDermott will engineer, survey, supply, install and pre-commission rigid pipelines, jumpers, buoyancy modules, strakes, and riser monitoring systems for seven-riser wells (3 producers and 4 injector wells) connected to the floating production, storage and offloading (FPSO) Carioca vessel. The FPSO will be delivered by Japan’s Modec which in turn hired Keppel to build and integrate the topside module of the FPSO Carioca MV30.
“McDermott has had a strong presence in Brazil going back more than four decades, and we see tremendous opportunity for growth in the region,” said Mark Coscio, McDermott’s Senior Vice President for North, Central, and South America.
McDermott’s Rio de Janeiro office will perform the work with support from its Houston office. McDermott plans to use five vessels for the installation work at ultra-deepwater depths up to 7,021 feet (2,140 meters).
The Sépia field operated by Petrobras is located in the giant “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro, Brazil at a water depth approximately 2,200 meters. First oil is expected in 2021.
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