Ocyan, Formerly Odebrecht Oil and Gas, Will Provide Decommissioning Services for Petrobras Subsea Infrastructure of Floating Vessels
Since 2018, Ocyan, formerly Odebrecht Oil and Gas, has resumed negotiations with Petrobras. In 2021, the oil and gas companies reconnected through a contract worth tens of millions of reais. This year, Ocyan will start integrating into the subsea decommissioning sector, meaning Ocyan will be involved in the dismantling of subsea equipment.
The contract between Ocyan and Petrobras is an important milestone for the oil and gas company, not only for Ocyan’s integration into a new segment but also due to the contract value with Petrobras, totaling R$ 900 million, which will focus on the removal of subsea equipment from three Petrobras floating vessels.
Through the contract signed with Petrobras, the former Odebrecht Oil and Gas is responsible for the maintenance and operation of the ships and platforms, and the chartering of those owned by the company. Currently, there are five drilling rigs, platforms where oil wells are drilled, and two floating vessels.
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New Area of Operation for Ocyan
According to Exame, Ocyan will enter the subsea decommissioning sector. Thus, the company will be involved in the dismantling of subsea equipment, such as retiring platforms and pipelines from ships. The former Odebrecht Oil and Gas will provide services to Petrobras involving the removal of pipelines using vessels equipped with winches. After this, the pipelines need to be cleaned of residues. In total, there are 275 km of pipelines and 20 thousand tons of infrastructure. Once cleaned and treated, the steel will be sold as scrap.
According to Ocyan’s president, Roberto Bischoff, the contract between the oil and gas companies represents Ocyan’s return to the decommissioning market. “It has always been important for us to come back. There are market niches, and we believe we can offer the best alternative for certain customer profiles, in the niches of independent and mid-sized oil producers,” explains Roberto Bischoff.
The coming years are also expected to be positive for Ocyan and the oil and gas sector in Brazil, according to the president. In Roberto’s view, several factors indicate that oil will receive special attention.
In the president’s opinion, “We are already starting to see different decisions from many oil companies because it has been realized that the breakeven oil price is a little higher than the US$ 60 that were previously forecasted and that was causing them to discontinue investments in production. This then makes more investments feasible.” Bischoff notes that during the pandemic in 2020, there were people saying that Ocyan had already reached the peak of oil demand, and that with the war in Ukraine and volatility, the oil and gas company considers the price range of US$ 80 to US$ 90 per barrel to be feasible.
The expectation is so high that some of Ocyan’s own ships and platforms that had their charter contracts ended in 2021 were barely left unused. Immediately, the oil and gas company re-contracted the platforms.
Regarding further decommissioning contract opportunities, the former Odebrecht Oil and Gas anticipates one or two tenders in the coming year.
About the Company
Ocyan is a company with a sustainable attitude and the knowledge to provide solutions for the oil and gas industry in Brazil and abroad. The main values of the former Odebrecht Oil and Gas are safety, a trusted partnership with clients, and a commitment to society. The company encourages diversity and inclusion both inside and outside the company and focuses its operations on ethics and transparency.
To learn more about Ocyan, watch the video below:

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