Subsea 7 has been awarded a contract worth more than $1.25bn for the development of the Búzios 9 field, located around 180km off the coast of the state of Rio de Janeiro, Brazil.
Brazil’s state-owned petroleum company Petrobras has awarded the contract, following a competitive tender.
Under the contract, the subsea engineering and construction services provider will develop the Búzios 9 field, at 2,000m water depth in the pre-salt Santos basin.
The scope of the contract includes engineering, procurement, fabrication, installation, and pre-commissioning of 102km of rigid risers and flowlines for the steel lazy wave production system.
Subsea7 plans to immediately begin the project management and engineering work for the offshore field, from its offices in Rio de Janeiro and Paris.
The subsea engineering services company will carry out the fabrication of the pipelines at its spool base at Ubu in the state of Espirito Santo, Brazil.
The offshore operations at the Búzios 9 field are expected to be executed in 2026 and 2027.
Subsea 7 Brazil vice-president Yann Cottart said: “This new award strengthens our diverse portfolio of projects in Brazil and affirms our position as a trusted contractor of Petrobras.
“Subsea7 looks forward to continuing this strong, collaborative relationship as we work together to successfully deliver the Búzios 9 project.”
Petrobras owns an 88.99% stake in the Búzios field and is also the operator.
Its other partners include China National Offshore Oil Corp. (CNOOC) with 7.34% and China Southern Petroleum Exploration and Development Corp. (CNODC) owns the remaining 3.67%.
Discovered in 2010, the Búzios 9 field is located about 180km offshore at a water depth of 2,000 metres in the pre-salt Santos basin.
Recently, Subsea 7 has secured a contract from the Turkish Petroleum Offshore Technology Center (TP-OTC) for the development of the Sakarya field in the Black Sea, offshore Türkiye.
The contract expands an existing one with the Subsea Integration Alliance and includes the installation of Türkiye`s first floating production unit (FPU), as part of the Phase 2 development.
