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The Brazilian subsea market will have a busy year-end

10/23/18

BE Petroleo presents an overview of the main tenders and contracts of the segment

The Brazilian subsea market will have a busy year-end, with a series of tenders entering the bidding phase and others being launched, while important contracts begin or come to an end.

On the 29th, Petrobras will receive offers to supply umbilicals to the fields of Sepia and Iracema, in the pre-salt of the Santos Basin.

For November, there are plans to provide proposals for Sepia’s submarine interconnection services (SURF) and supply of subsea goods and services for Mero 2, also in the Santos cluster.

The following month, it will be the turn of the suppliers to submit proposals in a bidding of equipment for the Marlim revitalization project, in the Campos Basin.

In the coming weeks, Petrobras is due to start the Mero 1 SURF tender negotiations phase. Among the most likely candidates for the contract are Allseas, McDermott, Saipem, Sapura, Subsea 7 and TechnipFMC.

The expectation is that in November the announcement to contract steel umbilicals  for Mero 1.

Meanwhile, the Petrobras is negotiating control line contracts for the Farfan and Roncador projects in the Sergipe and Campos basins respectively and launches a bid to ourchase flexible gas injection lines.

Contracts

A contract was signed this month between Flexibrás (TechnipFMC) and Petrobras to supply flexible gas export pipelines. With five years of duration, the agreement was closed in the amount of R $ 623 million.

On the 31st, a contract for the supervision and assembly of submarine umbilicals between MfX and Petrobras reaches the end of the order of R $ 12 million. Oceaneering and Prysmian will also have contracts of the same scope – but in the amounts of R $ 15 million and R $ 19 million, respectively – ending in January and July 2019.

Also expiring about U$ 6 million in Wet Christmas Tree Contracts (NDAs) on behalf of the international subsidiaries Petrobras Netherlands and Agri Development BV, as well as three Oilequip contracts to supply Proef submarine manifolds totaling R $ 2 billion.

Scenario

Although Brazil is expected to remain the main subsea market in the coming years, the volume of orders is unlikely to match that projected by Petrobras in the first few years after the discovery of the pre-salt.

The main reason is the high levels of production per well achieved by the company in its latest projects, reducing the need to build additional structures and, consequently, more submarine equipment.

To get an idea, Petrobras has not yet exhausted the trees contracted via frame agreements with Aker Solutions, TechnipFMC and Cameron (Schlumberger), respectively, composed of 130, 60 and 40 units.

For the next three years, the oil company is expected to demand about 60 new NCAs for its pre-salt projects, including the 12 verticals that will be provided by Aker Solutions for the Mero field.

Source: Brazil Energy

Categories: Uncategorized

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