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Ocyan Expands Its Relationship with Petrobras by Signing Three New Contracts for the Coming Months. The Oil and Gas Company Won the State Tender and Will Provide Drilling Rigs for Deepwater Projects.
This week started off quite positively for the future business of the oil and gas company Ocyan. For this Tuesday, (12/13), the company has three new contracts signed with the Brazilian state-owned company Petrobras. The agreements are for the provision of drilling rigs to be used in deepwater projects. The company won the state bid in lot 2 with two assets (ODNI I and ODN II) and in lot 3 with the Norbe VI.
Ocyan Wins Petrobras Bid and Will Provide Drilling Rigs for Use in Deepwater Projects in the Coming Months
The oil and gas company Ocyan has just announced three new contracts of great importance for its business portfolio in Brazil.
These agreements are with Petrobras for the provision of drilling rigs that will be used in deepwater projects.
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Petrobras is expected to complete the drilling of the Morpho well in the Foz do Amazonas in August 2026, the first well in the Equatorial Margin, an oil frontier that the ANP estimates at more than 30 billion barrels and could redraw the map of Brazil.
The company won the state bid for the contracts. Of the 12 units in contention across the three proposed lots, Ocyan won in lot 2 with two assets (ODNI I and ODN II) and in lot 3 with the Norbe VI.
The Executive Vice President of Drilling at Ocyan, Heitor Gioppo, celebrated the achievements: “This is an important win because many companies were in the bidding with different rigs. Winning reinforces Ocyan’s strategic position with operators in the drilling area, especially in the national market. With secured contracts, we can look to the future, for new opportunities and new business.”
The companies will now continue to strengthen their relations. While Petrobras will expand its drilling and exploration projects in deepwater, Ocyan paves the way for new business in the Brazilian oil and gas sector.
Contracts for the Provision of Drilling Rigs Have a Term of Three Years and Will Contribute to Petrobras’s Exploration Expansion in Brazil
According to Ocyan, the three contracts with Petrobras have a total duration of 1,095 days (three years), with the possibility of extension for an equal period.
In addition, the three drilling rigs from the company that won the bid are currently chartered, two of them with Petrobras and one with PRIO.
The contract with Norbe VI will be concluded in August 2023, while the ODN I will remain chartered only until January 2023. The ODN II, in turn, is the first rig to operate in the Equatorial Margin, staying there until December 2023.
“The rigs from this major contract will only start working once the current contracts are completed. The expectation is that by 2026 they will be operational for these contracts, which will provide a lot of security for Ocyan,” concluded the executive.
Learn More About the Company Ocyan
Ocyan is a company with a sustainable attitude and knowledge to provide solutions for the offshore upstream oil and gas industry in Brazil and abroad. Its main values are the safety of its members and operations, a trusting partnership with clients, and a commitment to ethics and transparency.
The company also encourages diversity and inclusion both within and outside the company. Currently, the company’s fleet includes five drilling units and two FPSO (floating, production, storage, and offloading) vessels. Ocyan also develops SURF projects, manufactures and installs subsea equipment, and provides offshore maintenance services.
