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Petrobras will buy 38 wet Christmas trees for the Búzios field

Written by Flavia Marinho
Published 14/07/2020 às 15:17
Petrobras will buy 38 wet Christmas trees for the Búzios field
Petrobras will buy 38 wet Christmas trees for the Búzios field

Orders for the Christmas trees must be placed by the end of the year by Petrobras, which will also demand other subsea items.

The Búzios field in the Santos Basin will require 38 Wet Christmas Trees (ANM's) and Petrobras is preparing the bidding so that the main companies in the sector can participate in the event. Equinor awards MDE Group contract to build the largest FPSO in Brazil.

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The event has a novelty: now the winning companies will also be responsible for installing the equipment until the start-up phase.

The bidding process for Petrobras should take place by the end of the year and will shake the sector, not only for the quantity, but also for the possibility that companies will have to develop tools for the operation of this equipment.

This new possibility, however, is being criticized by the market, which fears an increase in the price of proposals because if the tools are not used, companies will include their depreciation cost and also if they are unable to win other contracts and recover the investment.

Petrobras also expects to order, in the coming months, other subsea equipment such as: flexible pipelines and wellheads.

Origin of the name Christmas trees

The name Christmas trees emerged in the 1930s, when inhabitants of terrestrial oil provinces, in the USA, associated the equipment (which was covered with snow) with a Christmas tree.

With the exploration of the first subsea wells in the 60s, the term gained the adjective “wet” when it began to be installed at the bottom of the sea.

The equipment is a set of remotely operated valves that control the flow of fluids produced or injected into the well.

Petrobras eliminates corruption risks and will be able to receive investments from Norway again

 Petrobras declared yesterday, at the beginning of the evening, on its news portal that the company is again eligible to receive investments from the KLP, the largest pension fund in Norway, which has a total equity of R$430 billion.

The fund's action was taken after Petrobras managed to significantly reduce the risks of corruption after the imbroglios of the Federal Police's jet-washing 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, in order to reduce the risks of corruption within the company.

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Flavia Marinho

Flavia Marinho is a postgraduate engineer with extensive experience in the onshore and offshore shipbuilding industry. In recent years, she has dedicated herself to writing articles for news websites in the areas of industry, oil and gas, energy, shipbuilding, geopolitics, jobs and courses. Contact her for suggestions, job openings or advertising on our portal.

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