Norwegian engineering and fabrication contractor Aker Solutions has been awarded a frame agreement from Brazil’s Petrobras to provide subsea production systems (SPS) and subsea lifecycle services (SLS) on oil and gas fields offshore Brazil.
The frame agreement, which has a fixed period of five years starting in the fourth quarter of 2022, was made on behalf of consortium partners on fields operated by Petrobras.
The agreement covers the delivery of complete subsea production systems, including equipment such as subsea trees, the company’s latest generation of subsea controls called “Vectus”, subsea distribution units and spare parts, Aker Solutions said.
Over the duration of the frame agreement, it is estimated that the number of subsea trees to be ordered could be up to 33.
The frame agreement will be managed from Aker Solutions’ locations in Brazil and reaches Brazilian content of more than 50% for both SPS and SLS, Aker Solutions said.
The scope of the frame agreement also covers subsea life cycle services for Petrobras-operated fields offshore Brazil. This will include intervention, preservation and maintenance, as well as installation services.
“Brazil is a key offshore market globally and we look forward to continuing our long-standing relationship with Petrobras,” said head of Aker Solutions’ subsea business Maria Peralta.
Aker Solutions expects to start order intake in the subsea segment during the fourth quarter of 2022.
“The full potential under the five-year fixed period of the frame agreement could represent substantial order intake over time,” Aker Solutions said, stressing that total value will depend on future orders.
Aker Solutions had previously won a string of frame agreements from Petrobras for the supply of subsea production systems and has a major manufacturing facility in Curitiba, Brazil.