Subsea7, a global leader in offshore energy services, on Tuesday, October 31, announced the award of a major contract amendment granted by Petrobras for the development of the Mero 4 field.
According to the release, the project, which has a share revenue of over $750 million, is situated about 200 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,200 meters in the pre-salt Santos basin.
The contract amendment, originally disclosed in a redacted form on September 27, 2023, has now been officially recorded in the company's backlog for the third quarter of 2023.
The contract amendment encompasses a comprehensive scope, including engineering, procurement, fabrication, installation, and pre-commissioning of 76 kilometers of rigid risers and flowlines. These essential components will facilitate the operation of the steel lazy wave production system.
Subsea7 is prepared to commence project management and engineering activities immediately at its offices in Rio de Janeiro and Paris. The fabrication of the pipelines is scheduled to take place at Subsea7's spoolbase in Ubu, situated in the state of Espirito Santo, with offshore operations anticipated to be carried out during the years 2025 and 2026.
"This contract builds on decades of experience executing major EPCI projects around the world and extends our portfolio in Brazil. Subsea7 looks forward to continuing its strong, collaborative relationship with Petrobras as we work together to successfully deliver the Mero 4 project," said Yann Cottart, Vice-President Brazil.
This significant contract amendment represents a notable milestone in the ongoing partnership between Subsea7 and Petrobras, further solidifying their commitment to advancing offshore energy projects in the region.
The development of the Mero 4 field holds considerable promise for the offshore energy sector in Brazil, and Subsea7 is well-positioned to play a pivotal role in its realization.