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)

Contract between Oceaneering and Petrobras

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

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