Offshore engineering and services player Subsea 7 has won a contract from oil and gas giant Petrobras to develop the Búzios 11 field located in the Santos basin, some 180 km off the coast of Rio de Janeiro.
The Buzios field began operating in 2018. It is only second to the Tupi field in terms of production volume and reserves in Brazil. The field is operated by Petrobras, with CNOOC and CNPC as its partners. Pré-Sal Petróleo is the field manager. The development concept includes 11 platforms or FPSOs.
The contract, won through a competitive tender, includes engineering, procurement, fabrication, installation, and pre-commissioning of 112 km-long rigid risers and flowlines at 2,000 m water depth.
Project management and engineering will start immediately at Subsea 7’s offices in Rio de Janeiro, Suresnes, and Sutton, while the fabrication of the pipelines will take place at the company’s spoolbase in Brazil. Offshore activities are scheduled for 2027 and 2028.
Subsea 7 described the deal as a super-major contract, which means that it is larger than $1.25bn. According to Brazilian media, the Norwegian company submitted an offer of R$8.45bn ($1.4bn) in the tender, outbidding Allseas, TechnipFMC, and a partnership between Mota-Engil and McDermott.
