Local equipment suppliers reap dividends, but there’s room for foreign businesses – if they know how to play. After huge oil finds in recent years, Brazil's need for offshore vessels continues to expand and could double between now and the end of the decade. Brazil's state-run oil company Petrobras wants to extract billions of barrels of oil while also developing its shipbuilding and service industries to create jobs. Meanwhile, Brazil is trying to use locally made vessels and equipment, but foreign companies are benefiting from the nation's oil bonanza too. “Recent oil discoveries off Brazil´s Atlantic coast--reportedly the largest in the Western Hemisphere in 30 years--have established Brazil as an oil producer of global significance,” said Leo Freitas, business development manager at V.Ships Offshore in Rio de Janeiro. “Because of new oil fields, Petrobras' exploration, production, growth and spending plans are highly ambitious, and are supported by the government and international oil companies and operators.” Petrobras, based in Rio de Janeiro, is 55-percent government owned. Growth: Offshore Oil – and now – the offshore support sector “All areas of Brazil's offshore sector have experienced growth, and we believe the number of offshore support vessels will continue to increase,” Freitas said
Aker Kvaerner has been awarded two contracts from Petrobras to supply a total of three subsea manifolds for two of the Brazilian oil giant's projects offshore Brazil. Combined contract value is approximately USD 90 million. Aker Kvaerner Subsea in Brazil will design, manufacture and deliver two oil production manifolds for Petrobras' Albacora RWI project in the Campos Basin, and one gas export pipeline-end manifold to the Jubarte phase II project
GE Oil & Gas' Drilling & Production business has received two contracts totaling more than $120m from Daewoo Shipbuilding & Marine Engineering Co., Ltd of South Korea, engaged in building ships and offshore structures. Under the first contract, GE will supply a blowout preventer (BOP) stack and controls system, to be installed on a Petroserv-owned drillship for oil and gas production activities offshore Brazil.
The offshore industry, and specifically Brazil, continue to be a driver for maritime markets, as Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Fernvale Pte. Ltd., signed contracts with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semisubmersible (semi) drilling rigs for approximately $4.1b, following the Letter of Intent announced in April 2012
Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. "Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy,” said John Hollowell, Executive Vice President for Deep Water, Shell Upstream Americas. “We look forward to continuing the work with our partners in offshore Brazil to develop the
TGS, in partnership with Dolphin Geophysical, say they will commence acquisition of a new 3D multi-client survey, Olho de Boi, covering 5,000 km2 offshore Brazil. The survey is designed to image pre-salt plays in the hydrocarbon rich Campos Basin and is located northeast of the Pão de Açúcar discovery in an area of similar structural and stratigraphic characteristics. The Olho de Boi survey will be TGS' first 3D survey in Brazil," stated Rod Starr
Seadrill has entered into a contract to build another ultra-deepwater semi-submersible drilling rig at the Jurong Shipyard in Singapore. The turnkey contract has a net total project value of $531.5m with scheduled delivery of the unit in April 2010. The rig is based on the Friede & Goldman (F&G) design and is similar to the two units Seadrill already has under construction at the Jurong Shipyard. The new semi-submersible rig will be dynamically positioned and capable of operating in water
Aker Solutions has been awarded two contracts for Petrobras' P-55 project in Brazil for the design and supply of an Aker Solutions' Pusnes offshore mooring system(TM) and a Pusnes riser pull-in system(TM). The total contract value for Aker Solutions is approximately NOK 130 million. The contracts consist of 16 roller RamWinches(TM) and several specially designed winches and wire routing system for a semi production unit owned by Petrobras PN BV
Dron & Dickson, specialist in design, supply and maintenance of hazardous area electrical equipment, has opened an office in Brazil creating the potential for future work in the area. The new base follows on from £10 million of contracts being secured in the region. Dron & Dickson Servicos de Equipamentos Electricos Ltda. will be the company’s first registered office in South America, located in Rio de Janiero.
Shell today has announced that it has completed the acquisition of an additional 23% interest in the Parque das Conchas (BC-10) project offshore Brazil for US $1 billion. Regulatory approvals have been obtained and Shell will now hold a 73% operating interest. The purchase is effective January 1, 2013. Partner ONGC, previously holding a 15% working interest, will now hold a 27% working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35%
BW Offshore cut its dividend on Monday, blaming lower spending by customers due to a fall in crude prices as well as a deadly accident in Brazil last week. The company, which also met fourth-quarter earnings forecasts, said it planned a dividend of 2 U.S
DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including
Mitsui O.S.K. Lines, Ltd. today announced that MOL cooperated in the transport of the “Tachinepta” float (*1) Samba Carnival (*2) Components of the float, weighing about 5 tons in all, were placed into 15 containers and loaded aboard an MOL-operated containership
MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Tartaruga Verde & Tartaruga Mestiça Oil Fields Offshore Brazil MODEC, Inc., Mitsui & Co., Ltd. Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed that Mitsui
Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) has won a contract worth USD 465 million over five years from Petrobras to provide subsea intervention services offshore Brazil from the Aker Wayfarer vessel. The contract will start within the fourth quarter of 2016 and has a
Chariot Oil & Gas Announce Interim Results for 1H 2014 Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, today announces its unaudited interim results for the six month period ended 30 June 2014.
AKOFS Offshore, a part of Akastor ASA, has been notified of a five-year contract extension from Petrobras to use the Skandi Santos, a Subsea Equipment Support Vessel in Brazil. The extension, worth about NOK 2.5 billion, will start March 1, 2015 in direct continuation of current contract
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results for the
SBM Offshore NV has settled a bribery case with Dutch prosecutors for $240 million, including a $40,000 fine, sending shares in the Dutch oil platform leasing firm up more than 20 percent on Wednesday. The settlement, which was in line with provisions already taken
Floating production has been one of the most significant achievements in the upstream oil and gas industry over the past four decades. The ability to produce in deepwater has opened a new frontier in oil and gas development – and has generated a huge business base for suppliers of floating
Teekay Offshore Partners L.P. has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field located in the Santos Basin offshore
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I. The Petrojarl I is a Teekay Petrojarl managed FPSO built in 1986 which has been active in the North Sea
The growth trend continues in the Brazilian shipbuilding industry, a trend that has been relatively constant during the last five year. While shipbuilding is ‘ship shape,’ the reality of the Brazilian ship repair industry is somewhat muddled
At least three oil workers were killed and others were injured in an explosion on Wednesday at an offshore oil and natural gas platform in Brazil operated by state-run energy company Petroleo Brasileiro SA , union officials said. The workers were killed in an explosion aboard the Cidade de
Brazil oil regulator says 3 dead, 10 injured in Petrobras platform explosion An explosion at an offshore Petrobras oil and natural gas platform killed three workers and injured 10 more, Brazil's oil regulator ANP confirmed in a statement on Wednesday.