
(Source: Subsea 7)
Subsea 7 has been awarded a very large contract by Petrobras on May 24 for the development of the Mero-3 field located approximately 200 km off the coast of the state of Rio de Janeiro, Brazil, at 2,200 m water depth in the pre-salt Santos basin.
The contract scope includes engineering, fabrication, installation and pre-commissioning of 80 km of rigid risers and flowlines for the steel lazy wave production system, 60 km of flexible service lines, 50 km of umbilicals and associated infrastructure, as well as installation of FPSO mooring lines and hook-up.
Project management and engineering will commence immediately at Subsea 7’s offices in Rio de Janeiro and Paris. Fabrication of the pipelines will take place at Subsea 7’s spoolbase at Ubu in the state of Vitória and offshore operations are scheduled to be executed in 2023 and 2024, using Subsea 7’s fleet of reeled rigid pipelay vessels.
“This contract builds on our strong, collaborative relationship with Petrobras and track record of executing major EPCI projects globally,” Marcelo Xavier, vice-president of Brazil, said. “Subsea 7 looks forward to working closely with Petrobras to successfully deliver the project.”
Subsea 7 defines a very large contract as being between $500 and $750 million.
Recommended Reading
Woodside Divests Greater Angostura Assets to Perenco for $206MM
2025-03-28 - The Greater Angostura field produces approximately 12% of Trinidad and Tobago’s gas supply, said Woodside CEO Meg O’Neill in a press release.
Glenfarne Deal Makes Company Lead Developer of Alaska LNG Project
2025-03-28 - Glenfarne Group LLC is taking over as the lead developer of the Alaska LNG project with the acquisition of a majority interest in the project from Alaska Gasline Development Corp.
Mentor Buys Diamondback-Operated Royalty Acres in Permian
2025-03-28 - Mentor Capital Inc. has purchased a 25.127 net royalty acre stake in West Texas’ Permian Basin.
BP to Sell Downstream Business in Austria
2025-03-27 - The sale, expected to be complete by year-end 2025, includes over 260 of BP’s retail sites across Austria.
Prairie Operating Closes $600MM D-J Acquisition from Bayswater
2025-03-27 - Prairie Operating Co. has closed on its $602.75 million acquisition of Denver-Julesburg Basin assets from Bayswater Exploration and Production.