Daily Newsletter

05 August 2024

Daily Newsletter

05 August 2024

OneSubsea awarded contract for subsea production systems offshore Brazil 

The contract encompasses the further development of the Atapu and Sepia oilfields in the Santos Basin. 

Shivam Mishra August 05 2024

SLB OneSubsea has secured a contract from Petrobras for the supply of subsea production systems and services for two ultra-deepwater projects offshore Brazil.  

The contract encompasses the further development of the Atapu and Sepia oilfields in the Santos Basin. 

Its scope includes the provision of Petrobras-standard configured pre-salt vertical trees, subsea distribution units, subsea control and pipeline systems.  

SLB OneSubsea will also be responsible for the installation, commissioning and life-of-field services of these systems.  

The majority of the technology and equipment, such as the vertical trees and subsea control systems, will be produced and serviced at SLB OneSubsea's local facilities in Brazil. 

SLB OneSubsea CEO Mads Hjelmeland said: “This award deepens our valued partnership with Petrobras, and we are proud to be supporting the development of such important assets to Brazil.  

“Leveraging our proven, locally developed technology platform facilitates on-time delivery and maximizes local content from our Brazilian manufacturing and service facilities. Brazil is a key market for us, and our continued in-country investments are key to support the growth we envisage for the region.” 

In May, TotalEnergies, in collaboration with consortium partners, announced the final investment decision for the second-phase development of the Atapu and Sépia offshore fields.  

This decision was key for the advancement of these pre-salt fields, which will see the integration of two new floating production storage and offloading (FPSO) units, each designed to handle 225,000 barrels of oil per day. 

The Atapu field, which has been operational since 2020 through the P-70 FPSO, is set to receive an additional FPSO, the Atapu-2, as part of this expansion.  

Petrobras holds a 65.7% stake and operates the field, while TotalEnergies has a 15% stake. Shell, Petrogal and PPSA own 16.7%, 1.7% and 0.9% stakes, respectively. 

The Sépia field, initiated in 2021 via the Carioca FPSO, will also undergo expansion with the introduction of a new-build FPSO, Sépia-2.  

TotalEnergies has a 16.9% interest in the field, with Petrobras as the operator with a 55.3% stake, followed by Petronas and QatarEnergy, each holding 12.7%, and Petrogal with 2.4%. 

Methanol Industry Capacity and Capex Overview

Per GlobalData, the methanol capacity was 170.30 million tonnes per annum (mtpa) in 2023, and is expected to increase at an AAGR of >9% from 2023 to 2028. Our latest report also offers information on all planned and announced methanol projects globally, including the contribution share of the top methanol players. In 2023, China, Iran, the US, Trinidad and Tobago, and Saudi Arabia primarily drove the global methanol capacity market.

Methanol Industry Capacity and Capex Overview

Per GlobalData, the methanol capacity was 170.30 million tonnes per annum (mtpa) in 2023, and is expected to increase at an AAGR of >9% from 2023 to 2028. Our latest report also offers information on all planned and announced methanol projects globally, including the contribution share of the top methanol players. In 2023, China, Iran, the US, Trinidad and Tobago, and Saudi Arabia primarily drove the global methanol capacity market.

Methanol Industry Capacity and Capex Overview

Per GlobalData, the methanol capacity was 170.30 million tonnes per annum (mtpa) in 2023, and is expected to increase at an AAGR of >9% from 2023 to 2028. Our latest report also offers information on all planned and announced methanol projects globally, including the contribution share of the top methanol players. In 2023, China, Iran, the US, Trinidad and Tobago, and Saudi Arabia primarily drove the global methanol capacity market.

Methanol Industry Capacity and Capex Overview

Per GlobalData, the methanol capacity was 170.30 million tonnes per annum (mtpa) in 2023, and is expected to increase at an AAGR of >9% from 2023 to 2028. Our latest report also offers information on all planned and announced methanol projects globally, including the contribution share of the top methanol players. In 2023, China, Iran, the US, Trinidad and Tobago, and Saudi Arabia primarily drove the global methanol capacity market.

Methanol Industry Capacity and Capex Overview

Per GlobalData, the methanol capacity was 170.30 million tonnes per annum (mtpa) in 2023, and is expected to increase at an AAGR of >9% from 2023 to 2028. Our latest report also offers information on all planned and announced methanol projects globally, including the contribution share of the top methanol players. In 2023, China, Iran, the US, Trinidad and Tobago, and Saudi Arabia primarily drove the global methanol capacity market.

Methanol Industry Capacity and Capex Overview

Per GlobalData, the methanol capacity was 170.30 million tonnes per annum (mtpa) in 2023, and is expected to increase at an AAGR of >9% from 2023 to 2028. Our latest report also offers information on all planned and announced methanol projects globally, including the contribution share of the top methanol players. In 2023, China, Iran, the US, Trinidad and Tobago, and Saudi Arabia primarily drove the global methanol capacity market.

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