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Petrobras has awarded a subsea contract, worth approximately $940m, to Saipem for the Búzios 7 project offshore Brazil.

The contract involves engineering, procurement, construction, and installation (EPCI) of the subsea umbilicals, risers, and flowlines (SURF) for the installation of a rigid, riser-based subsea system for the project.

The Búzios 7 project is located 200km offshore Rio de Janeiro, in water depths of around 2,000m.

Additionally, Saipem will provide the EPCI of the steel lazy wave risers (SLWR) and associated flowlines that will connect 15 subsea wells to the floating production storage and offloading (FPSO), along with the related service lines and control umbilicals.

Saipem will also install the FPSO anchors and it will be responsible for the hook-up of the FPSO at the field.

The firm plans to install the SLWRs using its field development ship.

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By GlobalData

Saipem CEO and general manager Francesco Caio said: “This project is further important evidence of a new investment cycle and of Saipem’s competitiveness in projects with a high technological content.

“The contract also confirms the trust placed in Saipem by major clients such as Petrobras for the realisation of projects central to their strategies, as well as it confirms the solid position of the company in geographic areas with significant development prospects.”

Earlier this year, TechnipFMC received a contract from Petrobras to provide subsea equipment for the Búzios 6-9 fields offshore Brazil.

Worth between $250m and $500m, the contract involves the supply of subsea trees with controls, electrical and hydraulic distribution units, as well as topside systems.

Last year, Saipem was selected by Petrobras to provide EPCI of SLWR and associated flowlines between all wells and the FPSO for the Buzios 5 project.