Odebrecht considers new activities for the Enseada Shipyard


Nov. 25, 2016

The Odebrecht Group informed in a note that there are no plans to close the activities of the Enseada Shipyard, which was to build six of the 28 rigs for Sete Brasil that were ordered by Petrobras in 2011. The development of other businesses is presently under analysis.

According to the company, there is a restructuring of the indebtedness in progress, due to the problems derived from Sete Brasil. Specifically on the contracts of Sete Brasil, Odebrecht claims that it is still negotiating with the company, but “due to the confidentiality clauses governing the contracts, Enseada can not comment on the matter.”

Odebrecht emphasized that it seeks to conquer new contracts for offshore naval operations and, in addition, to develop “new opportunities that add value to existing assets based on a business diversification strategy”.

The group says that the shipyard represents “an important industrial asset” to follow up its operations in the shipbuilding and offshore market. “Enseada is also fully capable of producing ships for segments other than those closely linked to the oil industry,” the company said in the statement.

According to the note, opportunities are also assessed for using the structure and space of the yard to “attract long-term investors” and develop business in the logistics area for fuel storage, “given the growing demand for fuel and the low Increase in domestic supply “, and other products. The objective is to potentialize the port activity of the Paraguaçu Unit, within the yard  with private terminals, docks and storage area.

The group also considers using the yard’s manufacturing and assembly capability – developed for ships – to provide integrated engineering and construction solutions for wind farms.

Regarding the construction of submarines by the group’s defense unit, Odebrecht states that “the submarine project is preserved under the management of its subsidiary Itaguaí Construções Navais (ICN).”

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