Oceaneering Wins Umbilical Gig for Lula
Oceaneering International, Inc. has secured a contract from Petroleo Brasileiro S.A. (PBR), Petrobras, to supply approximately 125 miles (200 kilometers) of thermoplastic production control umbilicals for field development projects offshore Brazil in the Santos Basin. This contract has added over $120 million to its Subsea Products backlog.
This contract is the largest umbilical order in Oceaneering's history. The umbilicals are for the Lula and Sapinhoa field developments, Petrobras' first large pre-salt projects. Product manufacturing is planned to take place in Oceaneering's plant in Niteroi, Brazil and is expected to commence in the third quarter of 2012 and be completed in the third quarter of 2015.
M. Kevin McEvoy, President and Chief Executive Officer, stated, "We are extremely pleased to have secured this major contract award from Petrobras, the largest deepwater operator in the world. Our success in winning Petrobras' first large pre-salt umbilical contract demonstrates the leading edge position of our Brazilian manufacturing plant operation.
"The award is attributable to our demonstrated project execution capabilities, our ability to provide state-of-the-art technical designs, and the capital improvements we have made to our Niteroi facility to manufacture more complex umbilicals."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 35 Offshore Rigs
Manages 12 Offshore Rigs
- Brazil Regulator Allows Petrobras To Source Libra Rig Hull From Abroad (Oct 04)
- Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role (Sep 29)
- Exxon Mobil Bets on Brazil, Buys 10 Oil Blocks in Auction (Sep 28)
Company: Oceaneering International more info
- Oceaneering Names New CEO (Feb 15)
- IoT Technology to Reduce Need for Oil, Gas Workers Offshore (Oct 14)
- Oceaneering Clinches Contract to Provide Subsea Support Vessel in India (Sep 30)