Flexlife Signs MOU With Petrobras
Subsea Specialist Flexlife Signs Memorandum of Understanding With Petrobras International.
Flexlife, an oil & gas industry specialist in subsea project and integrity management, announced today (October 13) it has signed a Memorandum of Understanding with Petrobras to develop and provide a new integrity management system and specialised engineering services for its international oil and gas projects offshore. The agreement – Flexlife’s first work in South America - was reached during the recent OTC Brasil exhibition in Rio de Janeiro. It includes the provision of Flexlife’s ground-breaking subsea products and services to maintain and extend asset life and is the company’s biggest deal to date.
Flexlife Chief Executive Stuart Mitchell said: “This agreement results from Flexlife developing a strong presence in Brazil and we anticipate playing an important role in addressing the challenges of delivering safe production of oil & gas in the deepwater fields. We have a team of engineering, technical and support staff who are all highly experienced in the Brazilian Oil & Gas market and all of us are very proud to be working with Petrobras. The potential is enormous for us and it is very significant for the future of Flexlife.’’ As well as investing in new office accommodation in Rio de Janeiro at Rua Assembleia, Flexlife is manufacturing its ground-breaking integrity management products locally and offering a full assembly, deployment and maintenance service by staff based in the region. It has a team of six based in Rio and numbers are expected to increase steadily following the MOU.
Mr Mitchell added: “Flexlife has continued to build on its reputation for offering a full subsea integrity and project management package, assisting clients to cost-effectively manage all of their subsea assets and infrastructure. We have built up high levels of expertise in deepwater markets and have a proven track record of providing a service that helps operators reduce risk in a cost-effective manner – all of which helped us reach this agreement with Petrobras.’’ Flexlife has a suite of game-changing products to address common issues facing the subsea sector without interruption to production. As part of its full package of lifecycle subsea services, the company has recently brought to market a number of asset integrity management products offering numerous benefits to operators, helping to improve safety, maximise recovery and avoid unplanned shut-downs.
They build on Flexlife’s first, award-winning, ultrasonic (UT) scanning technology devised to scan the annulus of flexible risers and flowlines in situ delivering 100% accurate results. Flexlife’s global HQ is in Aberdeen, Scotland. The company also operates in the US, Africa, the Far East and Mediterranean. It was Scotland’s fastest-growing young company in 2010.