Petrobras Is Seeking New Technological Solutions To Assist In Deactivating The Campos Basin

Written by Valdemar Medeiros

Published on 11/02/2020 at 17:05

Updated on 11/02/2020 at 18:24

petrobras, petróleo, exportação

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Petrobras Has A Total Of 55 Platforms To Be Decommissioned In Campos

Petrobras continues to seek help to deactivate its Campos basin and has established the opportunity for UK companies to assist in the deactivation of its former Campos assets. The Brazilian deepwater giant plans to spend US $ 6 billion over the next four years decommissioning 18 platforms, along with pipelines and subsea wells.

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At a conference at Subsea Expo, Petrobras’ subsea engineers, Gustavo Matoso and Milton Viegas, set the opportunity for UK companies, with the company planning to decommission a total of 55 platforms in Campos.

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While the company anticipates US $ 64 billion in new expenditure on exploration and production over the next four years, Matoso stated that the company “also has its past to address, trying to minimize the impact of our footprint in the Campos Basin.”

Viegas added: “The Campos Basin used to be Petrobras’ cash cow with our highest production.”

Petrobras In Search Of New Solutions

Petrobras is looking for new technological solutions to reduce decommissioning costs, mainly work on rigid pipelines and also with crossings.
The company is also looking for companies that can handle a broad scope of removal work.

Viegas stated: “We are also seeking the development of new EPRD contracts (Engineering, Procurement, Removal, Disposal). “In this type of contract, the company must be responsible for the entire decommissioning cycle. It’s a full life cycle contract.” The duo was speaking at the “Global Opportunities Business Breakfast” organized by Scottish Development International and the UK Department for International Trade.

Also among the speakers was the SDI manager in Southeast Asia, Blair Miller, who described the scope of decommissioning opportunities across the region. The market is believed to be “misguided” regarding the North Sea, with an estimated spending of US $ 3.5 billion per year over the next decade.

Main Markets

The main markets include Malaysia, Brunei, Thailand, and Indonesia, where the local supply chain “lacks experience” in decommissioning.

He said: “According to a Wood Mackenzie report, it is nearly US $ 100 billion by 2040 and constitutes hundreds of fields, thousands of wells, and millions of tons of steel.

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Petrobras Has A Total Of 55 Platforms To Be Decommissioned In Campos

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Petrobras Is Seeking New Technological Solutions To Assist In Deactivating The Campos Basin

Petrobras Has A Total Of 55 Platforms To Be Decommissioned In Campos

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