TechnipFMC Nets Substantial Subsea Services Deal with Petrobras

Wednesday, January 25, 2023

TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. 

For TechnipFMC, a “substantial” contract is between $250 million and $500 million.

The three-year contract has an option to extend for two years. TechnipFMC will provide life-of-field services to support its installed base offshore Brazil.

The contract covers installation, intervention, and maintenance of both equipment and tooling, as well as technical support for subsea umblicals, risers and flowlines. 

The agreement succeeds a previous MSA and supports Petrobras’s increased volume of operations. Services will be supplied from TechnipFMC’s base in Macaé, Brazil, TechnipFMC said.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “This new [master services agreement] continues our enduring partnership with Petrobras. We are delighted to continue this relationship through this direct award. For 40 years, we have provided services from Macaé, demonstrating the strength of our commitment to delivering services using our in-country workforce.”

Categories: Energy Subsea Industry News Activity South America Oilfield Services

Related Stories

Eidesvik Offshore, Reach Subsea JV Wraps Buy of Subsea IMR Vessel

Offshore Vessel Charging System Passes Harbor Tests

Ocean Installer to Install Cables at World's Largest Floating Wind Farm

Current News

Partners Press Ahead with Development of Venus Discovery Offshore Equatorial Guinea

Venezuela's Oil Minister Resigns amid Corruption Probe into PDVSA

UTROV System Chosen Boulder & Debris Clearance at Moray West Offshore Wind Farm

L&T Bags Major Multi-package Offshore Project

Subscribe for OE Digital E‑News