Italian oilfield service company Saipem has secured a contract to install a rigid riser-based subsea system to serve the Búzios pre-salt project offshore Brazil.

Valued at $325m, the contract has been awarded by Brazilian energy firm Petrobras.

The Búzios field is located within the Cessão Onerosa region of the pre-salt Santos Basin.

It is situated in water depths from 1,537m to 2,190m, offshore Rio de Janeiro, Brazil.

Under the contract, Saipem will provide engineering, procurement, construction and installation of steel lazy wave risers and associated flowlines between 15 wells to floating production storage and offloading (FPSO).

Work includes five production and five injection risers and flowlines for a total length of 59km, and a 16km-long gas export line to be tied to an existing pipeline.

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By GlobalData

Also included are 11 rigid jumpers and 21 foundation subsea structures.

Saipem E&C Offshore Division CEO Francesco Racheli said: “Búzios is one of the world’s largest deepwater oil fields and it is very important for Saipem to contribute to such a significant project for Brazil, a country in which we have a long-established presence and track record of successfully executed projects.

“This new acquisition efficiently combines in-house capabilities and appropriate assets to carry out this ambitious endeavour and reinforces our reputation as a global provider of valuable solutions in a country offering great opportunities.

“We look forward to working alongside Petrobras to further develop Brazil’s resources and ensure the safe and timely achievement of the field’s full production output.”

In May, Saipem secured a contract from Polish gas grid operator Gaz-System to transport and install a natural gas pipeline between Denmark and Poland in the Baltic Sea.