Contracts aim to serve Modec's FPSOs in the area of supplying equipment to vessels chartered to Petrobras in the pre-salt
Another great partnership took place at the beginning of the year, Schlumberger published in its most recent financial report, last Thursday (18/4), the signing of two contracts with the Japanese Modec.
The contracts are for the supply of oil separation and treatment and CO2 processing equipment for use in FPSOs that Modec will maintain under contract with Petrobras.
Modec is currently building two FPSOs for Petrobras, the FPSO Guanabara, which will operate in the Mero 1 field, in the Libra area, and the FPSO Carioca, which will operate in Sépia, in the transfer of rights, both in the pre-salt of the Santos Basin.
The prospects are even better for Modec, as the company still competes in Petrobras tenders to build the Búzios V FPSO and participates in the bid for two more FPSOs for the Marlim field.
Schlumberger's vision
The company expects growth in investments in Exploration and Production (E&P) of between 7% and 8% in 2019, largely due to the greater number of rigs operating in the Brazilian offshore and the projects that are yet to come.
Schlumberger's optimism is due in addition to the increased demand for offshore equipment, the production cuts that OPEC and Russia have been making and the slowdown in shale production in North America.
Despite recording a 4% drop this quarter compared to the last quarter of 2018, the company was up 1% year-on-year, recording revenues of US$7,9 billion.
In total, the company's profit fell 21% compared to the last quarter of last year and 19% compared to the same period in 2018, but even so the profit was US$ 421 million in the first three months of the year.
