Saipem makes US$ 325 mi contract with Petrobras

In a statement, the Italian company Saipem, which provides services to the oil sector, announced a US$325 million contract with Petrobras for the installation of a submarine system of rigid risers, elements that connect the platform to the well, in campo de Búzios (RJ).   

"Buzios is one of the largest oil reserves in the world in deep water, and it is significant that Saipem contributes to such a relevant project for Brazil, a country where we have a consolidated presence and a history of successful processes," said the COO of the Italian company's offshore division, Francesco Racheli.   

The riser is a pipe that takes oil or natural gas from the well to the platform and in the case of Buzios, the system will be installed in water depth from 1,537 to 2,190 meters. According to the company, the general production system of Buzios-5 provides for the interconnection of 15 wells to the platform in two phases.

The Italian group, which acts as a supplier of the energy sector and has experience in large projects, has as main shareholders the state-owned ENI (30.54%) and Cassa Depositi and Prestiti (12.55%). 

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