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Offshore Brazil

Supplying Brazil's Booming OSV Market

P56_Brazil 2. web.jpg

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 Awarded Subsea Contracts in Brazil

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


Shell to Boost Deepwater Energy Production in Brazil

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


Offshore Brazil 3D Seismic Contract a First for TGS

Seismic survey ship Sanco Swift: Photo courtesy of the owners

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


GE Oil & Gas Receives $120m Contracts from DSME

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.


Keppel Signs $4.1B Deal

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 Increases Interest in Offshore Brazil BC-10

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%


Seadrill Orders Semi-Submersible Rig Ordered from Jurong

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 Contracts for Petrobras

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 Open Registered Office in Brazil

A Dron & Dickson rope access technician working at height.

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.


AKOFS Offshore Gets Contract Extension from Petrobras

Skandi Santos

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


Chariot Oil & Gas 1H 2014 Interim Results

Larry Bottomley, CEO of Chariot,

  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.  


Aker Wayfarer Wins 5-Yr Contract from Petrobras

Photo  Aker Solutions

  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


'Aker Wayfarer' Wins Petrobas Subsea Contract

Skandi Aker OSV: Photo Aker Solutions

Aker Solutions' subsidiary Aker Oilfield Services (AKOFS) says it has won a contract worth US$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


Caterpillar Delivers 100th Generator Set in Brazil

Cat 3512 Diesel Electric Propulsion (DEP) Generator Set

Caterpillar Oil & Gas announce the successful delivery of the 100th offshore generator set featuring Brazilian local content from the company’s Piracicaba, Brazil manufacturing facility. The 100th unit, a Cat 3512 Diesel Electric Propulsion (DEP) Generator Set was packaged


Chariot Agrees Brazil Farm Out with AziLat

Barreirinhas Basin

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited  through its local subsidiary AziBras


EMGS Releases Interactive, Multi-client Maps

  From EMGS's website, you now have interactive access to EMGS’s multi-client library.   Visit our interactive multi-client maps. Zoom in to the area of interest, see what data is available, request more information about the survey


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


ENI Signs Deal to Expand Oil, Gas Exploration in Congo

Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville


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 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


Transocean Provides Fleet Update Summary

Photo: Transoceean

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since April 17, 2014. The total value of new contracts since the April 17


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


Saipem: A Fleet Grows in Brazil

Saipem FDS 2 with new J Lay tower at anchor. (Photo Saipem)

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator


Polar Onyx Readies for Brazilian Depths

Photo: ULSTEIN/Marius Beck Dahle

The offshore construction vessel Polar Onyx was delivered on March 4, 2014 from Ulstein Verft to GC Rieber Shipping, as the latest addition to their growing investments into the subsea segment. The vessel’s first assignment will be to work for deepwater projects serving as pipelay support






 
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