BRAZILIAN contractor Odebrecht Oil & Gas (OOG) is betting on its partnership with Canadian player Teekay Offshore to snatch more contracts for the supply of floating production, storage and offloading vessels in Brazil and abroad. The 50:50 OOGTK joint venture was formed early in the decade in an attempt to meet the expected growing demand for FPSOs, and in six years of existence, the companies have delivered two floaters for Petrobras.
The duo has so far focused on mid-sized FPSOs, but soon hopes to start building and operating larger units. “The original strategy of our partnership was to aim at smaller FPSOs that we knew was a niche market, outside the main focus of the big floater contractors, and where we could add value and be more competitive,” said OOG superintendent director of offshore integrated services Jorge Luiz Mitidieri.
Brazil Energy Insight 
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