Technip, OOG Receive LOA for Two Pipeline Installation Vessels from Petrobras, Brazil

Technip, OOG Receive LOA from Petrobras, Brazil

The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline installation vessels for a value of approximately USD 1 billion, with a mutual option to extend for a further five years.

Characterized by their high pipelay tension capacity of 550 tonnes, the twin vessels will be employed principally to install umbilical and flexible flowlines and risers to connect subsea wells to floating production units in waters up to over 2,500 m deep offshore Brazil, including in the pre-salt area. The provision of installation engineering services is included in a JV´s scope.

Technip and OOG have formed a JV project team which will manage the construction of the vessels at the Daewoo Shipbuilding and Marine Engineering shipyard in the Republic of Korea (South Korea) where OOG is currently completing the construction of the third and the fourth of 4 drilling units. Subsequently, vessel operations and the provision of marine management and engineering services during the charter phase will be handled by the JV in Rio de Janeiro.

Jorge Luiz Mitidieri, Executive VP of OOG, stated “OOG was the only national company pre-qualified to participate in the bid and this award further strengthens and consolidates OOG´s presence in the Subsea market where we have invested heavily in capacity and skills since our decision to enter the segment in 2009. Our proven track record in the construction and operation of offshore drilling assets and our partnership with Technip are key to the success of the project and we believe will provide significant potential to leverage synergies in the management and operation of the vessels and mitigate risks during project execution. This opportunity was also an important indication that our client Petrobras trust in our expertise and capability to deliver and serve.”

Frédéric Delormel, Executive Vice President and COO Subsea of Technip, declared “Technip has relentlessly maintained a leading presence in subsea production development offshore Brazil since 1977 and we are extremely pleased to be at the forefront of this new phase of Petrobras development into deeper and more challenging waters. Odebrecht has a similar tradition, coupled with a solid track record in the recent and ongoing delivery of deepwater drilling units with DSME. We fully expect that this robust partnership and the distinguishing characteristics of these new assets will enable the cost effective supply of high local content flexible and umbilical subsea productions solutions to Petrobras for decades to come.”

World Maritime News Staff, November 18, 2011; Image: Technip

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Marintec South America

Marintec – South American Maritime Exhibition for Shipbuilding, Platform and Maintenance

As part of the UBM/Seatrade portfolio, Marintec South America is a trade-show for anyone who wants to stay ahead in the maritime market.

Why visit?

  • Be inspired by thousands of products and services on show
  • Find out what´s new in the market by chatting to suppliers and peers
  • Come away with genuine solutions, exciting ideas, and a fresh outlook
  • Pick up new ideas from the experts of industry through our seminar sessions and technical presentation

Why Exhibit in Rio de Janeiro/ Brazil?

  • Rio de Janeiro is the headquarter of Petrobras and its mains shipyards / ship owners
  • Rio de Janeiro is an international reference center for training of professionals for the offshore oil and gas industry
  • Brazil produces over 2 million barrels of oil per day and the offshore production will double this by 2020
  • The Brazilian shipbuilding industry has been grown 19,5% per year since 2000
  • Investments in the industry should exceed BRL 200 billion before 2020
  • The oil and gas industry reached about 12% of the total Brazilian GDP and may reach 20% by 2020
  • The offshore exploration will move R$ 3.7 trillion over the next 30 years and will generate 87 million jobs
  • Petrobras’ total pre-salt needs estimate: 97 platforms, 510 support vessels and 140 oil tankers

Read more about the conference here.

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3rd Annual LNG Bunkering 2015 Conference

IBC’s ‘LNG Bunkering Summit’ returns for the 3rd time, with a view to profile latest developments and opportunities in key trade routes globally, and particularly in Singapore.

Join your industry partners as they crack the ‘chicken and egg’ dilemma while focusing on first-mover benefits, infrastructure, supply and pricing that makes switching to LNG a viable option.

The 3rd LNG Bunkering Summit is part of a suite of events in The Bunkering Week, which incorporates 3 co located conferences and will attract over 200 top decision makers. LNG Suppliers, Traders, Ship Owners and builders will convene to address commercial, regulatory, supply-demand, price and global market issues.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

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7th Bunkering in Asia 2015 Conference

If Quality and Compliance challenges were not enough, oil prices have provided a further twist to industry dynamics. Further, recent developments have yet again resulted in a review of credit and counter party risk management within the value chain.

What then should the industry response be? How can we look ahead and determine strategies that have a positive impact on our business? If tapping successfully into new market segments was high priority, assessing watertight alternatives to protect your business is of equal importance.

Part of The Bunkering Week, the 7th Bunkering in Asia is back in Singapore to provide networking, expert viewpoints, and commercial opinions that matter.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

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Scrubber Summit Conference 2015

When reviewing the Exhaust Gas Cleaning System investment, vessel route, the amount of time spent in an ECA region and long term HFO – MGO differentials are just some of the issues ship owners’ are grappling with.

The drop in oil prices though has shifted the market economics of investments in Exhaust Gas Cleaning Systems. Long touted as a viable option for complying with low sulphur regulations, the industry is now actively evaluating HFO – Scrubber economics, and taking decisions to embraced scrubber technology.

The Scrubber Summit is your platform to raise questions and get commercial and technical solutions from technology experts and ship owners. It is part of a suite of events in The Bunkering Week, which incorporates 3 co located conferences and will attract over 200 top decision makers.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

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