OGX awarded GE O&G a contract to provide drilling and production equipment for three offshore fixed production platforms to be deployed in the Waimea and Waikiki oil and gas fields, in the Campos Basin, offshore Brazil. OGX plans to drill a number of production wells in the area.
The contract, worth an estimated US $230 million over the next four years, is the largest contract ever signed between GE O&G and OGX, and is the first one involving the provision of equipment specifically for development projects already in the production phase. As part of the agreement, GE will provide a subsea template/tie-back design that will allow OGX to have fully flexibility between wells pre-drilled with semisub rigs and wells drilled directly from the fixed platforms.
This concept will help OGX to improve initial production from the fields by maximizing the use of the pre-drilled wells. The Waimea and Waikiki fields are located 60 kilometers off the coast of Rio de Janeiro in water depths ranging from 394 to 459 feet (120 to 140 meters).
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