FMC, Aker win Petrobras subsea contracts

March 27, 2013

Olso-based Aker Solutions and Houston-based FMC Technologies Inc. have both announced today major subsea contract deals with Petrobras in connection with the Brazilian NOC's pre-salt fields.

Aker Solutions(Image: Aker Solutions)

Aker Solutions signed a new frame agreement for the supply of susbea equipment worth US$800 million. Additionaly, Aker received a second call-off order stemming from a frame agreement signed in April 2010, the value of which is undisclosed.

The new frame agreement concerns work on 60 well-sets with vertical subsea trees, subsea control systems, tools and spares within a four-year period, 2014-2018. The 60 well-sets will be deployed in pre-salt developments 300km off Sao Paulo in the Santos Basin.

The call-off order concerns 20 well-sets for the Sapinhoa and Lula Nordeste fields also located in the Santos Basin.

Due to the new frame agreement, Aker said it plans to expand in Brazil by establishing a new subsea manufacturing facility in Curitiba in Parana state, approximately 800km from Rio de Janiero. Aker expects its new technology center to replace its current facility by 2015, and employ 1100 workers.

"We are continuing our efforts to establish large-scale manufacturing capabilities based on the technologies developed for Petrobras during our first pre-salt projects," said Luis Araujo, president and country manager of Aker Solutions in Brazil. "Aker Solutions has continuously invested in developing the know-how and expertise of its employees in Brazil."

Petrobras also awarded FMC Technologies Inc. a subsea manifold systems supply contract worth $130 million.

FMC will supply three manifolds, tools, spare parts and system integration with subsea controls for Petrobas' pre-salt fields, off Brazil. The manifolds will be designed with retrievable injection modules to allow water alternated gas injection for up to four wells and will be installed in water depths up to 8,200ft (2,500m).

To meet local content rules, FMC will manufacture the equipment in Brazil, and will conduct development engineering and system integration testing at its Technology Center in Rio de Janeiro.

"We have made significant investments in our Brazilian operations to enable large-scale product manufacturing and the development of new technologies that comply with local content requirements," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies.

FMC expects deliveries to begin in 2015.



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