Christmas Tree Orders Must Be Placed By The End Of The Year By Petrobras, Which Will Also Require Other Subsea Items
The Búzios field in the Santos Basin will require 38 Wet Christmas Trees (ANMs), and Petrobras is preparing the bidding so that major companies in the sector can participate in the auction. Equinor Awards MDE Group Contract For The Construction Of The Largest FPSO In Brazil.
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The auction has a new feature: now the winning companies will also be responsible for installing the equipment until it is operational.
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The bidding process by Petrobras is expected to take place by the end of the year and will energize the sector, not just because of the quantity, but also due to the opportunity for companies to develop tools for the operation of this equipment.
This new possibility, however, is being criticized by the market, which fears an increase in proposal prices since, if the tools are not used, companies will include the cost of their depreciation and also in case they do not win other contracts and recover the investment.
Petrobras also plans to order other subsea equipment in the coming months, such as flexible pipes and wellheads.
Origin Of The Name Christmas Trees
The name Christmas Trees originated in the 1930s when inhabitants of land-based oil provinces in the USA associated the equipment (which was covered in snow) with a Christmas tree.
With the exploration of the first subsea wells in the 1960s, the term gained the adjective “wet” when it began to be installed on the seafloor.
The equipment is a set of remotely operated valves that control the flow of produced or injected fluids in the well.
Petrobras Eliminates Corruption Risks And Will Be Able To Receive Investments From Norway Again
Petrobras declared yesterday, early in the evening, on its news portal that the company is once again eligible to receive investments from KLP, Norway’s largest pension fund, which has total assets of R$430 billion.
The fund’s action was taken after Petrobras significantly reduced risks of corruption following the scandals of the Federal Police’s “Lava Jato” operation.
The good news came in the form of a statement made by the Fund, which highlighted that the company has significantly strengthened its governance in recent years to reduce corruption risks within the company.

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