en.Wedoany.com Reported - Norwegian marine construction and operations company Ocean Installer has recently secured a contract from Norwegian state-owned energy company Equinor, thereby entering the Brazilian market. The company is part of the Moreld Group.

Under the contract, Ocean Installer will install rigid well jumpers and flying leads connecting flowlines and subsea trees at multiple wellheads of the Bacalhau field in the Santos Basin over a period of four and a half years, along with associated pre-commissioning work. The contract also includes extension options and an option for the manufacturing of rigid jumpers.

Alongside securing the contract, the company has recently established a legal entity in Brazil and hired its first local employees. The contract is classified as a major contract, with an estimated value between NOK 500 million and 1 billion (approximately EUR 45.8 million to 91.6 million). The first offshore operations are expected to commence in 2027.

Geir Austigard, CEO of the Moreld Group, stated that this contract represents a turning point for the Moreld Group. He noted that this is Ocean Installer's first contract in Brazil, with a scope involving critical production operations for a major international asset operated by Equinor, reflecting Ocean Installer's long-term track record of safe and reliable delivery.

The Bacalhau field is located at a water depth of 2,100 meters, classifying it as an ultra-deepwater field. It is reportedly Equinor's largest international offshore field and the first asset in the Brazilian pre-salt region to be fully developed by an international operator.

Kevin Murphy, CEO of Ocean Installer, stated that the long project duration provides a stable foundation for the company to establish a local organization in Brazil. He said Brazil is an attractive market with a large number of upcoming subsea projects, and the company sees a strong alignment between future opportunities and its core capabilities.

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