Subsea 7 Awarded Major Mero 4 Field Development Contract by Petrobras

Subsea 7 S.A. has confirmed the award of a significant contract by Petrobras for the development of the Mero 4 field.

The field is located approximately 200 kilometres off the coast of Rio de Janeiro, Brazil, in the pre-salt Santos basin, at a water depth of 2,200 metres. A redacted announcement of the award was made in September and recorded in the company’s backlog during the third quarter.

Under the contract amendment, Subsea 7 will be responsible for the engineering, procurement, fabrication, installation, and pre-commissioning of 76 kilometers of rigid risers and flowlines for the steel lazy wave production system, referring to the way the riser is configured to absorb and dampen the motion of the offshore platform caused by waves and currents

Project management and engineering activities will commence immediately at Subsea7’s offices in Rio de Janeiro and Paris. The pipelines will be fabricated at Subsea7’s spoolbase in Ubu, Espirito Santo, while offshore operations are scheduled to take place in 2025 and 2026.

“This contract builds on decades of experience executing major EPCI projects around the world and extends our portfolio of projects in Brazil,” said Yann Cottart, Vice-President Brazil. “Subsea7 looks forward to continuing its strong, collaborative relationship with Petrobras as we work together to successfully deliver the Mero 4 project.”

The contract is considered major by Subsea7, with its share of revenue exceeding USD 750 million.

Mero 4 is the fourth definitive project of the Mero Unitized Field in the Pre-salt region. It is operated by Petrobras (38.6%) in partnership with Shell Brasil (19.3%), TotalEnergies (19.3%), CNPC (9.65%), CNOOC (9.65%), and Pré-Sal Petróleo SA (PPSA) (3.5%), representing the Government in the non-contracted area.

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