![Petrobras Awards Subsea7 a Large Contract Offshore Brazil](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/05/petrobras-awards-subsea7-large-contract-offshore-brazil.jpg?itok=0f02mvJW)
Offshore operations are scheduled to be begin in 2026 and 2027. (Source: Shutterstock)
Petrobras awarded Subsea 7 with a contract for the development of the Búzios 9 field offshore Brazil, Subsea 7 announced May 29.
Located 180 km off the coast of Rio de Janeiro, in water depths of 2,000 m, the field is the ninth out of 11 total developments planned at the massive Buzios field.
Related: TotalEnergies FIDs Two Developments Offshore Brazil
The scope of the contract, which is valued at over $1.25 billion, includes the engineering, procurement, fabrication, installation and pre-commissioning of 102 km of rigid risers and flowlines for the steel lazy wave production system.
Project management and engineering will take place at Subsea 7’s offices in Rio de Janeiro and Paris, while fabrication of the pipelines will take place at Subsea 7’s spoolbase in Espirito Santo, Brazil.
Offshore operations are scheduled to be begin in 2026 and 2027.
Recommended Reading
Court Weighs Postponing Citgo Auction Bid Hearing to September
2024-06-28 - A U.S. court has been asked to postpone a hearing to present the high bid in an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum.
Laredo Oil Subsidiary Hell Creek Begins Drilling in Montana’s Midfork
2024-06-28 - Laredo Oil expects the well to be production-ready by late July.
Energy Transition in Motion (Week of June 28, 2024)
2024-06-28 - Here is a look at some of this week’s renewable energy news, including plans for another offshore wind energy lease sale.
Hess Midstream Repurchases $100MM Class B Units
2024-06-28 - Hess Midstream repurchased more than 2.7 million Class B units as part of its strategy to deliver shareholder returns.
Global Grid Infrastructure to Double by 2050, DNV Says
2024-06-19 - To meet growing electricity demand, global grid infrastructure is set to double by 2050, according to Oslo-based DNV.