Ocyan, formerly Odebrecht Oil and Gas, will provide services to Petrobras for underwater dismantling of platform vessel infrastructure
Since 2018, Ocyan, formerly Odebrecht Oléo e Gás, has resumed negotiating with Petrobras. In 2021, oil and gas companies got closer through a contract worth tens of millions of reais. This year, Ocyan will begin to integrate itself into the subsea decommissioning sector, that is, Ocyan will act 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 the integration of Ocyan in a new segment, but also for the value of the contract signed with Petrobras, which amounts to R$ 900 million and will focus on the service of removing subsea equipment from three Petrobras platform vessels.
Through the contract signed with Petrobras, the former Odebrecht Oil and Gas is in charge of the maintenance and operation of ships and platforms, and the chartering of which the company owns. There are currently five rigs, platforms where oil wells are drilled, and two platform ships.
Ocyan's new area of activity
According to Examination, Ocyan will be in the subsea decommissioning sector. Therefore, the company will dismantle subsea equipment, such as platforms on the way to retirement and ship pipelines. The former Odebrecht Oil and Gas will provide services to Petrobras involving the removal of pipelines with vessels coupled to winches. After that, it is necessary to clean the waste ducts. In total, there are 275 km of pipelines and 20 tons of infrastructure. After being cleaned and treated, the steel will be sold as scrap.
According to the president of Ocyan, Roberto Bischoff, the contract between the oil and gas represents the resumption of Ocyan in the decommissioning market. “It was always important for us to come back. There are market niches and we believe that we can offer the best alternative for certain customer profiles, in the niches of independent and medium-sized oil producers”, explains Roberto Bischoff.
The coming years should also be positive for Ocyan and for the oil and gas sector in Brazil, according to the president. In Roberto's view, some factors show that the oil will receive special attention.
In the president's opinion, “We are already starting to see different decisions from many oil companies because it was seen that the breakeven price of oil is a little higher than the US$ 60 that were previously forecast and that was motivating them to discontinue investments in the production. This then makes more investments possible.” Bischoff says that in the middle of the pandemic, in 2020, there were people who said that Ocyan was already at the peak of oil demand, and that with the war in Ukraine and the volatility, the oil and gas company that the level of the barrel of $80 to $90 is doable.
Expectations are so high that some of Ocyan's own ships and platforms that had their charter contracts terminated in 2021 barely fell into disuse. The oil and gas company immediately recontracted the platforms.
As for more opportunities for decommissioning contracts, the former Odebrecht Oil and Gas foresees one or two tenders in the next year.
About a company
Ocyan is a company with a sustainable attitude and 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 trusting partnership with customers, and a commitment to society. The company encourages diversity and inclusion inside and outside the company and focuses on ethics and transparency.
To learn more about Ocyan, watch the video below:
