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WEEKLY NEWS
WEEK 44 2022
decommissioning activity (P&A) Helix Energy Solutions recently announced a new deepwater well decommissioning (P&A) contract with Shell Brasil. The project is expected to start in 2024 with a 1-year firm contract period for the Bijupirá&Salema fields, located in Campos Basin. Helix will employ the riserbased well intervention vessel Q7000 for this project. The DP3 equipped vessel can perform production enhancement operations such as well clean-up and field development support as well as decommissioning activities in water depths up to 3,000 meters. Shell Brasil acquired the fields and FPSO Fluminense from Enterprise Oil in the early 2000’s becoming a pioneer on the offshore production in Brazil.
WSB Advisors thanks Kilper and Triunfo for the wonderful evening.
new contract for maersk vega
equinor drilling in bacalhau
PSV 4500 Maersk Vega has been awarded a long-term contract with Trident Energy in Brazil. The Brazilian built DP2 vessel is being mobilized in Guanabara Bay. As reported in our previous Weekly Market Update, Trident recently chartered PSV 4500 Normand Titus from Solstad for one year firm. Maersk Vega and Normand Titus join PSV 3000 Mandrião from WSUT. All vessels are employed at Pampo and Enchova fields in Campos Basin.
Equinor started drilling in Bacalhau field with drillship West Saturn. The Norwegian oil company is the first international operator to develop a pre-salt field in Brazil. Equinor counts with three large PSVs 4500 to support the campaign: CBO Wiser, Rem Mistral and Siddis Sailor all under Grupo CBO operation. West Saturn is chartered in for four years at Bacalhau field. In 2023, Valaris DS-17 will also be under charter for 540 days. Besides Bacalhau, Equinor concluded phase 2 of the Peregrino development phase in Campos Basin through the installation of a 3rd wellhead, Peregrino C. This milestone will extend the field life till 2040.
extend or re-bid? As the market tights up, Petrobras sets the foot on the throttle to extend a pack of contracts expiring in 2022. However, that doesn’t mean less competition in currently open tenders. The extended contracts feature clauses where owners can bid on tenders, and in case of a delivery date (of the tender) falling within the extended contract period, the vessel can migrate from the extended contract into the new contract without any penalties. Petrobras playing smart. This is an interesting move that also benefits the owners and makes everyone comfortable. Win-win.
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