Oil Sector Going Strong: Oceaneering Signs 5-Year Contract With Petrobras Worth Up to $75 Million in Revenue During Execution for Drill Pipe Riser Operations

Written by Roberta Souza

Published on 12/10/2023 at 09:58

Foto: reprodução google imagens/portosenavios

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Oceaneering International Secures Contract with Brazilian State Oil and Gas Giant Petrobras for Operation of Drilling Pipe Riser Systems (DPR)

Oceaneering’s wholly owned subsidiary, Marine Production Systems do Brasil Ltda. won a five-year contract with Petrobras for the operation of three existing DPR systems to support intervention and completion operations, according to offshore-energy.

Petrobras also has the option to add a fourth DPR system by notifying Oceaneering before mid-December. The contract value could reach up to US$ 75 million in revenue during the five-year contract period.

Contract between Oceaneering and Petrobras

Under the contract, Oceaneering will continue to provide Petrobras with services using three existing DPR systems with installation workover control systems (IWOCS), along with project management, engineering, and support services.

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Oil Sector Going Strong: Oceaneering Signs 5-Year Contract With Petrobras Worth Up to $75 Million in Revenue During Execution for Drill Pipe Riser Operations

Oceaneering International Secures Contract with Brazilian State Oil and Gas Giant Petrobras for Operation of Drilling Pipe Riser Systems (DPR)

Contract between Oceaneering and Petrobras

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Oil Sector Going Strong: Oceaneering Signs 5-Year Contract With Petrobras Worth Up to $75 Million in Revenue During Execution for Drill Pipe Riser Operations

Oceaneering International Secures Contract with Brazilian State Oil and Gas Giant Petrobras for Operation of Drilling Pipe Riser Systems (DPR)

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