Schlumberger and Modec have entered into two contracts in the first quarter of the year to supply oil separation and treatment equipment and CO2 processing of FPSOs that will operate on Brazilian offshore. The information is contained in Schlumberger’s financial report published on Thursday (18/4).

Modec currently constructs two platforms contracted by Petrobras: Guanabara, which will be installed in the Mero 1 field in the Libra area, and Carioca, which will produce in Sepia, on a costly assignment. Both projects are located in the pre-salt cluster of the Santos Basin.

The group is still in the process of closing a charter contract with the Brazilian oil company for Búzios V and participates in the bidding for chartering the two Marlim FPSOs.


Schlumberger predicts that E & P investments are expected to grow between 7% and 8% by 2019, reflecting increased FPSO activity and an increase in the number of approved projects.

Schlumberger is confident of improving the market throughout the year in the face of rising demand, cutbacks in OPEC and Russia output and the slowdown in shale production in North America.


Schlumberger earned $ 7.9 billion in the first quarter, down 4 percent from the last quarter of 2018 and up 1 percent year-over-year.

The company earned $ 421 million in the first three months of the year, down 21 percent from the previous quarter and 19 percent compared to the same period in 2018.

Source: Brazil Energy Magazine

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