| Work Detail |
UK-headquartered energy technology provider TechnipFMC has landed two new subsea assignments with Brazil’s state-owned energy giant Petrobras, allowing it to work on three offshore oil fields in the Brazilian pre-salt area. TechnipFMC describes its first award as a substantial contract, enabling between $250 million and $500 million to be included in inbound orders in the third quarter of 2024, for the design, engineering, and manufacturing of riser flexible pipe and the supply of associated services, including packing and storage. The UK player has presented its second award, which followed a competitive tender, as a significant contract, bringing between $75 million and $250 million in inbound orders, to design, engineer, and manufacture subsea production systems for deployment on the Atapu 2, Sepia 2, and Roncador projects. In addition, the deal entails installation support and life-of-field services, alongside the option for additional equipment and services. TechnipFMC claims that all equipment and products will be manufactured and serviced locally, leveraging core capabilities in Brazil that make the continued development of pre-salt reserves possible. Jonathan Landes, President of Subsea at TechnipFMC, commented: “These awards underscore our leadership position in flexible pipe technology, and the proven success of our standardized equipment platform that was effectively deployed for Petrobras on the Buzios 6-9 fields. “Our nearly 70-year legacy in Brazil reflects our deep commitment to the region and highlights our continuing support of Petrobras’s strategic vision. We will draw on our extensive in-country operations to deliver on these contracts.” The deal with TechnipFMC comes weeks after Petrobras hired OneSubsea to deliver pre-salt subsea production systems and related services for the second development of the Atapu and Sepia oil fields in the strategically important Santos Basin. The Brazilian giant and its partners in the Atapu and Sépia consortiums made the final investment decision (FID) for the second development phase of these fields at the end of May 2024. The projects will enrich Brazil’s floating production, storage, and offloading (FPSO) vessels’ pool with two new all-electric FPSOs, P-84 (Atapu) and P-85 (Sepia), being built by Seatrium, thanks to an $8.16-billion contract. These FPSOs are expected to start their jobs in 2029. |
