Petrobas Subsea Equipment Contract for Aker Solutions

Aker Solutions to provide subsea equipment for the oil company's deepwater pre-salt field developments in Brazil.

The contract value is approximately NOK 4.6 billion (USD 800 million).

The scope of work is for 60 well-sets with vertical subsea trees, subsea control systems, tools and spares within the 2014-2018 period.
 
"Aker Solutions is honoured to work with one of the world's leading deepwater operators. This long-term agreement confirms our partnership with Petrobras and reflects our dedication to the Brazilian market," says Øyvind Eriksen, executive chairman of Aker Solutions.
 
Petrobras will deploy the 60 well-sets in the pre-salt field developments located 300 kilometres off the São Paulo coast in the Santos Basin.  
 
"We are committed to developing the subsea industry in Brazil by growing our Brazilian expertise supported by our international competence network," says Luis Araujo, president and country manager of Aker Solutions in Brazil.
 
Aker Solutions has decided to further invest and expand in Brazil due to the NOK 4.6 billion frame agreement with Petrobras and market forecasts for the Brazilian oil and gas industry.
 
A new subsea manufacturing facility will be established in Curitiba in the state of Parana, 800 km south of Rio de Janeiro. This new technology centre will replace the current plant by 2015 and will employ approximately 1100 people.
 
Only the first few well-sets within the new frame agreement will be manufactured at the existing plant, while the remaining well-sets will be assembled and tested at the new facility.
 
 "We are continuing our efforts to establish large scale manufacturing capabilities based on the technologies developed for Petrobras during our first pre-salt projects. Our proven pre-salt technology gives Aker Solutions a strong position in this market, and this will be used to further enhance local content, such as subsea control systems. Aker Solutions has continuously invested in developing the know-how and expertise of its employees in Brazil," says Araujo.