Brazil Key Project and Business Highlights
The year 2012 has seen Brazil congested by the upstream projects causing delays. But more importantly, in 2012, Brazil started to implement its integrated business model in which upstream, midstream and downstream sectors are developed in parallel in order to optimize the hydrocarbon value chain.
On the upstream the bottleneck appeared on the pipelay vessels for ultra deepwater to compromise the installation on time of the export pipelines to the shore.
To keep the whole upstream development program on time, Brazil had to accept to outsource in Asia the construction of these pipelay vessels.
In addition this gas can be transported to different Province to share the growth from oil across the country.
Petrobras to expand fleet of pipelay support vessels
On end of last year Petróleo Brasileiro S.A. (Petrobras) signed contracts for chartering six pipelay support vessels (PLSVs) for the development of the pre-salt oil and gas fields in the Santos Basin, offshore Brazil.
Representing a total of $2.9 billion chartering contracts, these new-build pipelay vessels were awarded to:
– Seabras and SapuraCrest (Seadrill) with three units to be delivered in 2014 and 2015
– Technip and Odebrecht with two units to be delivered in 2014 and 2015
– Subsea 7 with one unit to be delivered in 2014
Petrobras selects electrical solution for new drilling rigs
The Brazilian national oil company Petroleo Brasileiro SA (Petrobras), Sete Brazil Participaçoes SA (Sete) and its contractor Keppel Fels do Brazil SA (Keppel) have selected GE’s Power Conversion electrical solutions to power and propel the first series of six semisubmersible drilling rigs.
Foster Wheeler signs Petrobras Linhares Fertilizer
Petróleo Brasileiro S.A. (Petrobras) from Brazil selected Foster Wheeler AG (Foster Wheeler) from Switzerland for a greenfield world-scale Gas-to-Chemical complex to be built at Linhares, in Esperito Santo State, southeast Brazil.
Estimated around $3 billion capital expenditure, the Linhares Gas-to-Chemical complex is identified as UFN-IV, standing for the Unit of Nitrogen Fertilizer N°4, as part of Petrobras program to reduce Brazil reliance on fertilizer imports.
BASF awards Brazil complex EPCM to WorleyParsons
BASF is planning to build a world scale chemical complex in Camaçari, in the Bahia Province, Brazil.
BASF and Braskem SA (Braskem) signed a strategic partnership by which Braskem will provide propylene as raw material for the feedstock of BASF chemical complex.
$75 billion CAPEX in drilling rigs on next 5 years
With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to Upstream, the Norwegian Oil & Gas newspaper.
From their well documented analysis published in March about the drilling rigs, Upstream explains how this industry should break another historic record, the daily leasing rate reaching $800,000 per day as seen in the last Ocean Rig contract signed for West Africa heavy duty semi-submersible Eirik Raude.