Petrobras has awarded a contract amendment to Subsea 7 SA for development of Mero 4 field, which lies about 200 km off the coast of Rio de Janeiro, Brazil, at 2,200 m water depth in the presalt Santos basin.
Mero 4 is the fourth definitive project of Mero unitized field 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.
The award was announced in redacted form in late September 2023 and was recorded in backlog in third-quarter 2023. The contract amendment scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 76 km of rigid risers and flowlines for the steel lazy wave production system.
Project management and engineering will begin immediately at Subsea7’s offices in Rio de Janeiro and Paris. Fabrication of the pipelines will take place at Subsea7’s spoolbase at Ubu in Espirito Santo, and offshore operations are scheduled to be executed in 2025 and 2026.
Subsea7 said the value of its share of the contract is over $750 million.
