Home Odebrecht Oil and Gas changes name to secure contracts in 2018

Odebrecht Oil and Gas changes name to secure contracts in 2018

16 January 2018 to 19: 27
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Realizing that the oil and gas sector will prove favorable in the coming years, Odebrecht Oil and Gas changes its name to attract investment

[supsystic-social-sharing id='1′]A Odebrecht Oil and Gas pronounced yesterday (15) on social media and communication vehicles that it has now changed its corporate name, now it is called Ocyan. This measure was a radical action that the company took to detach its brand from the corruption scandals and attract new investors. The pronouncement was made on the same day to the company's employees as well.   In addition to the oil and gas subsidiary, other companies in the group also changed their name: A Odebrecht Agroindustrial now it's called actives and the Odebrecht Realizações Imobiliárias, is called by NOW. Braskem made only subtle changes to its brand identification logo: it removed the red color.

Due to the financial situation of Petrobras in 2015, the state-owned company at the time ended up canceling the contract for the drillship ODN Tay IV with Odebrecht Oil and Gas, which would be responsible for its charter and which would also guarantee an extra bonus on its revenues. Aware that the offshore scenario over the next few years will be completely favourable, Ocyan now it is running out of time to consolidate the company, tie up new companies and increase its client portfolio.

Ocyan's plans for 2018

  • Initially, its intention is to make investments in a very conservative way, focusing first on the gas modality
  • In 2018, it intends to return to the Petrobras supplier registration system
  • Take contracts to charter the Norbe VI offshore unit
  • Win more subsea construction contracts


Its intention to spend this first wave is around 400 million reais. Remembering that she still owes her creditors more than 2,95 billion reais, this debt should reach 2,6 billion by the end of 2022, according to Ocyan. Did you hear that Odebrecht also took on a thermoelectric project in Rio de Janeiro? Check out the article by clicking here.


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