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Petrobras Contract

Brazil Offshore Turbine Engine Maintenance Contract for MAN

Petrobas Platforms: Photo credit MAN

MAN Diesel & Turbo SE wins Petroleo Brasileiro (Petrobras) contract extension for maintenance, repair & operational support of 20 MAN THM gas turbine trains. The contract extension covers four offshore platforms in the crude oil and natural gas exploration area off the north-east coast of Rio de Janeiro. The agreement spans five years and is the second extension of this service contract, which was originally signed in 2002. The value of the agreement is Euro 150 million. The gas turbines drive ten gas compressors and ten generators on the Petrobras platforms Cherne 1 and 2, Garoupa and Pampo situated 150 kilometres off the Brazilian coast in the Campos Basin, where around 80 per cent of Brazil’s crude oil and natural gas production are located. The service agreement includes technical support for the operation of systems, regular maintenance work, any repairs that are required as well as spare parts and their logistics. Besides the core components turbine, compressor and generator, the contract also covers all auxiliary equipment as well as the control system. The service from MAN Diesel & Turbo meets the particular requirements of the oil and gas business: round-the-clock availability 365 days a year, rapid response times to maintain operations and compliance with exacting safety and environmental requirements.


GE Oil & Gas Win Petrobas FPSO Contract

GE Technology will be used on 4 new Floating Production, Storage & Offloading Units (FPSOs) for the Santos Basin (São Paulo State), in the Pre-Salt Fields. GE Oil & Gas wins the contract worth more than US$500-million to supply turbomachinery equipment and services to Petrobras, a world leader in deep-water oil production. The contract will serve the four new floating production, storage and offloading units (FPSOs P-74, P-75


Ultra-Deepwater Cajun Express Contract

Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558


Transocean to Acquire Drillship

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Transocean Inc. announced that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocean have entered into a 10-year drilling contract covering worldwide operations with an option by Petrobras to extend the term of the drilling contract by up to an additional 10 years.


Xantic Supplies Petrobras with Turnkey Solutions

Xantic announced an exclusive three-year contract with Petrobras Transportes in Brazil, one of the world’s premier oil and gas companies. Xantic will be the single-source supplier for a complete voice and data communication system accommodating the entire Petrobras fleet. Under the terms of the agreement signed with Xantic, some 43 Petrobras vessels will use Xantic’s AMOS Connect messaging application and Xantic Fleet 77 airtime for data transfer via satellite


Transpetro Inks Orders Tankers

Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts worth $866m for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers for $517m, and four Panamax oil tankers for $349 million , Petrobras said. The vessels are to join Transpetro's fleet between 2009 and 2011, and are part of a $2.48b program to buy 26 new oil vessels in an initial phase


Writ Issued Protesting Transocean Shutdown Order

Petrobras files writ of mandamus against an injunction suspending Transocean's activities in waters offshore Brazil. (Mandamus is an extraordinary writ commanding an official to perform a ministerial act that the law recognizes as an absolute duty and not a matter for the official's discretion. (Source: Advanced English Dictionary). Petrobras filed a writ of mandamus, in the capacity of injured third party, to suspend the injunction granted on July 31


Pride Expands Deepwater Capabilities

Pride International is continuing the expansion of its deepwater fleet, following a multi-year contract award from a subsidiary of Petroleo Brasileiro S.A. (Petrobras) for the construction and operation of an advanced-capability, ultra-deepwater drillship in support of Petrobras's international exploration and development drilling projects. The ultra-deepwater drillship, to be built at the Samsung Heavy Industries, Co. Ltd


Petrobras, Exxon To Sign Brazil Oil Deals

Petrobras will reportedly sign two much-awaited oil exploration and production joint venture contracts with U.S. petroleum giant Exxon.


Petrobras Invests Heavily in Ships

Petrobras, which has a $112 billion investment plan through 2012, is expanding and refurbishing its fleet. It has already contracted the construction of 23 tankers, and more orders are in the pipeline. Petrobras is also planning to order two Very Large Crude Carrier (VLCC) supertankers, but did not give a timetable for the transaction. The plan to build new ships – and potentially some new drilling rigs – in Brazil is designed to revitalize the local ship-building industry and


Farstad Offshore Vessel Squadron Chartered Out

Farstad OSVs: Image courtesy of Farstad ASA

Farstad Shipping ASA reports the following charter contracts, with a total value (including options) of approximately NOK 1.75-billion, as follows: Inpex has awarded contracts to AHTS Far Sword (2006, UT 712 L, 14.700 BHP) and AHTS Far Stream (2006, UT 712 L, 14.700 BHP)


ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

CIMC Raffles Semisubmersible Drilling Rigs

ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014. The contract values $1.08bn and eventually serves for Petrobras


Wilson Sons InksTwo PSV Contracts with Damen

From left to right: Erik Hertel (Sales Manager Damen), Bram Verwijs (Project Manager Damen), Michael Schröder (CEO Ultratug), Federico Irrgang (President Wilson, Sons Ultratug), Arnaldo Calbucci (Vice-President Wilson, Sons), Martín Brau (CEO Antares Naviera), |René Berkvens (CEO Damen), Adalberto Souza  (Director Wilson Sons Shipyard), Frits van Drenth (Product Director Damen), Arnout Damen (COO Damen), Rutger Dolk (Sales Manager Damen) [Photo: Damen]

At the International Tug, Salvage and OSV Convention on June 19, Wilson Sons (Brazil) and Damen Shipyards Group (Netherlands) signed a contract for two Damen PSV 5000s. This contract further strengthens cooperation between the two companies, where Wilson Sons builds vessels locally using a Damen


FPSO Contract Suspension Could Cost Petrobas US$15-bln

FPSO: File photo

Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV, the company said in a securities filing. The potential reduction in profit is based on an estimate of the amount


Petrobras O&G Output Rises 2% in May

Photo: Petrobras

Brazil's state-run oil company Petrobras said on Tuesday it produced an average of 2.61 million barrels per day (boepd) of oil and equivalent natural gas in May domestically and abroad, up 2 percent from the previous month. Petroleo Brasileiro SA, as the firm is formally known


Harding Inks Deals with Three Industry Giants

The signing (Credit Harding)

In the past few weeks, Harding, an international supplier of maritime safety equipment, has signed three framework agreements with Statoil, Petrobras and A.P. Møller Mærsk. "This shows that our global strategy of being a complete supplier of both equipment and services was


Petrobras Could save $18K mln between 2015 and 2021

Four oil surplus subsalt areas could save $ 18,000 mln

  Brazil's Petrobras estimates it will save costs for 18,000 million dollars between 2015 and 2021 findings with direct contracting to explore four oil surplus subsalt areas of the country, the company said Friday . The company expects investment required would be for about 26


Petrobras Board Approves More Exploration

The board of Brazil's state-run oil company, Petrobras, approved the exploration of new oil and gas fields in February, Planning Minister Miriam Belchior said on Friday, countering criticism by some board members that they were not previously informed of a 15 billion reais ($6


Bureau Veritas Offshore Rolling Research Rewarded

Photo courtesy of Bureau Veritas

A team in the R&D department of  international classification society Bureau Veritas, working with Brazil’s Petrobras, has been awarded the prestigious OMAE 2013 Best Paper of Offshore Technology Symposium for its paper detailing ground breaking research into second-order rolling of


Rolls-Royce Gets Edison Chouest AHTS Contract

Photo courtesy of Edison Chouest Offshore

Rolls-Royce says it has won a £50m contract to deliver deck machinery for four large anchor handlers for Edison Chouest Offshore. The vessels are designed by North American Shipbuilder Inc. and will be built in Brazil by Estaleiro Navship LTDA.


Petrobras Won't Seek SBM Offshore Bids During Probe

Photo courtesy SBM Offshore

Brazil's state-run oil company Petroleo Brasileiro SA , or Petrobras, will not seek bids from SBM Offshore NV while the Netherlands-based oil production ship leaser is under investigation for alleged bribery in Brazil, said Maria das Graças Foster, Petrobras' chief executive


Brazil Senate Examining Petrobras Scandal

Photo courtesy Petrobras

Brazil's Senate opened an inquiry on Wednesday into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection in October. A panel of senators will look into the costly purchase of a refinery


Petrobas Board Member Complains of Inept Management

The uproar in Brazil over state-run oil company Petroleo Brasileiro SA's purchase of a refinery in Pasadena, Texas, is just "a drop in the ocean" of problems afflicting the company, a board member said on Tuesday. Concerns it paid too much for the refinery pale in comparison to the


Peru OKs $1.4 Bln Exploratory Work In Natgas Block

  Peru has approved an environmental permit that will allow China National Petroleum Corp to do $1.39 billion of exploratory work in a natural gas block it is buying from Brazilian state-run oil company Petrobras. Block 58, in the southern Cusco region


Offshore Oil & Gas: Brazil’s Northern Frontier

Seismic Streamer MV Oceanic Endeavour. Photo: Michel Floch

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon exploration along its northeastern and northern coasts. These are some of the poorest regions in the country and infrastructure for oil






 
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