Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
The Italian energy services firm will be responsible for installing a rigid riser-based subsea system for the Búzios 7 project to serve the pre-salt field located about 125 miles off Rio de Janeiro, in water depths of around 2,000 meters.
The project awarded to Saipem includes the Engineering, Procurement, Construction and Installation (EPCI) of the Steel Lazy Wave Risers (SLWR).
It also covers associated flowlines, interconnecting 15 subsea wells to the FPSO together with the related service lines and control umbilicals.
Saipem will also be responsible for the provision and installation of the FPSO anchors and for the hook up of the vessel at field.
In July 2020, Saipem won a separate contract with Petrobras for the Buzios 5 project for the EPCI of the Steel Lazy Wave Risers (SLWR) and associated flowlines between all wells and the FPSO.
Francesco Caio, chief executive and general manager, said: “This project is a further important evidence of a new investment cycle and of Saipem’s competitiveness in projects with a high technological content.
“The contract also confirms the trust placed in Saipem by major clients such as Petrobras for the realization of projects central to their strategies, as well as it confirms the solid position of the company in geographic areas with significant development prospects.”