Subsea services provider Oceaneering International has secured a four-year contract with an optional one-year extension period from Petrobras
Oceaneering said on Monday that the contract was won by its subsidiary, Marine Production Systems do Brasil Ltda. According to the company, the contract will support intervention and completion operations in Brazil. The contract that Oceaneering signed with the state-owned company will be for the supply and operations of Drill Pipe Risers (DPR) with systems to control the installation Workover, also providing project management, engineering and support services.
The umbilications will be manufactured in the city of Niteroi, in Rio de Janeiro, which is located in one of its bases
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It is estimated that this contract should generate a profit of 50 million reais for Oceanneerig. The production of the assets will now start in October and the works, effectively speaking, in the third quarter of 2019.
Roderick A. Larson, President and CEO of Oceaneering, said, “This award builds on our innovative capabilities and core competencies, including our expertise in umbilical and control systems for the subsea industry, and demonstrates our ability to grow in adjacent markets. ”
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