Partnership between Subsea 7 and OneSubsea won an exclusive contract for an offshore engineering project in the pre-salt of the Bacalhau field

This Thursday, the 30th, Equinor signed contracts with Schulmberger and Subsea 7 for front-end engineering and design (FEED) with early commitments and pre-investments for phase 1 of the Bacalhau area (formerly Carcará) in Brazil.  The Norwegian giant opens a selection process to serve offshore projects in Rio and Porto do Açu

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In a note, Subsea7 informed that the awarded work was necessary to finalize the technical definition of the proposed development before Equinor makes final investment decisions (FID) in late 2020.

According to the company, the contract is based on a two-stage award. FEED and pre-investment are starting immediately, with an option for the execution phase under a “lump-sum turnkey” configuration that includes engineering, procurement, construction and installation for the full scope of SURF and SPS.

The development will include 19 wells, approximately 130 kilometers of rigid risers and flowlines, and 35 kilometers of umbilicals.

The Subsea Integration Alliance will also be responsible for the subsequent lifecycle of field support, representing a contract model that is fully integrated across the entire field lifecycle, from engineering, early engagement, to aftermarket services.

The company added that the value of the EPCI contract would only be recognized by Subsea 7 in its order backlog after the FID, and will represent a major project award, which Subsea 7 defines as a contract worth more than US$750 million.

Project management and engineering will be carried out in Rio de Janeiro with support from Subsea 7's Global Project Center in the UK, France, and various OneSubsea offices. Offshore installation activities are scheduled for 2022 and 2023.

The Bacalhau field, formerly known as Carcará, is located 185 kilometers off the coast of the State of São Paulo, at depths of 2050 meters and is the first integrated SPS and SURF project in Brazil.

Stuart Fitzgerald, Deputy CEO of Subsea Integration Alliance, said: “The award to Subsea Integration Alliance for the FEED contract for the Bacalhau project builds on our experience in initial engagement and the successful track record of large integrated projects.”

“It emphasizes the breadth and strength of our product portfolio, the quality of onshore and offshore assets, and our extensive project management and engineering capabilities in Brazil and around the world. We look forward to supporting Equinor in this and future developments. ”

Marcelo Xavier, Vice President Business for Subsea 7 in Brazil, added: “This contract builds on our successful track record of developing solutions for deepwater projects in Brazil and demonstrates our ability to maximize asset value through early engagement and an integrated approach.”

The partners in the Bacalhau field are Equinor, the operator with a 40% stake, while the other partners are ExxonMobil with 40%, Petrogal Brasil with 20% and Pré-sal Petróleo SA as a non-investing government agency.