en.Wedoany.com Reported - Ocean Installer has been awarded a contract for the installation of jumpers at Brazil's Bacalhau field, with a duration of four and a half years, including extension options and the manufacturing of rigid jumpers. Located in the Santos Basin, the scope of work includes the installation of rigid jumpers between flowlines and subsea trees at multiple wellheads, as well as connection cables and related pre-commissioning activities.

The company recently established a branch in Brazil and recruited its first local employees.

The contract is estimated to be worth between 500 million and 1 billion Norwegian kroner, approximately 45.8 million to 91.6 million euros. The first offshore operations are expected to take place in 2027.

Moreld CEO Geir Austigard stated that this contract represents a fundamental shift for Moreld, as it is Ocean Installer's first contract in Brazil. The scope of work involves essential tasks for the production of a key international asset operated by Equinor, reflecting Ocean Installer's long-term ability to deliver safe, reliable, and consistent results.

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

Ocean Installer CEO Kevin Murphy noted that the long-term nature of the project provides a solid foundation for the company to establish a local organization in Brazil. Brazil is an attractive market with numerous subsea projects to be executed in the future, and they see a strong alignment between future opportunities and Ocean Installer's core capabilities.

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