Saipem Wins $325 MM Contract in Brazil 

Saipem Wins $325 MM Contract in Brazil 
FILE PHOTO: A staff member gestures on the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo/File Photo

Saipem has been awarded a $325 million contract by Brazil’s state-run oil company, Petrobras, for the installation of a rigid riser-based subsea system offshore Rio de Janeiro, according to a press release.

The contract includes the Engineering, Procurement, Construction and Installation (EPCI) of the Steel Lazy Wave Risers (SLWR) and associated flowlines between all wells and the FPSO. The specifics of the deal include five production and five injection risers and flowlines for a total length of 59 km, a 16 km-long gas export line to be connected to an existing pipeline, 11 rigid jumpers, and 21 foundation subsea structures (risers and PLETs).

Speaking on the deal, Francesco Racheli, COO of Saipem’s E&C Offshore Division, said, “Búzios is one of the world’s largest deepwater oil fields and it is very important for Saipem to contribute to such a significant project for Brazil, a country in which we have a long-established presence and track record of successfully-executed projects.”

This EPCI will be undertaken in the Búzios pre-salt and Saipem will use its state-of-the-art field development ship (FDS), for all the subsea works.


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