Businesses and InterestsOil and Gas

The oil and gas chain has developed rapidly over the past years, gaining increasing importance in the Brazilian economy. The Organization has followed this growth closely through companies currently concentrated in Odebrecht Oil and Gas, which presently owns the largest Brazilian offshore fleet for ultra-deep waters and the world’s fifth largest. It is a US$ 5.5-billion investment.

It offers integrated solutions for the upstream oil and gas industry in Brazil, and selectively in Angola, Venezuela, Argentina and Mexico, both during the investment as well as the operations phase in the following segments:

  • Offshore Drilling
  • Submarine Construction
  • Offshore Production and Logistics
  • Offshore Maintenance and Services
  • Specialized Well Services
  • E&P Management Services (exploration and production)

Shareholder ownership of Odebrecht Oil and Gas is currently held by Atlantic Oil Services B.V. (Temasek Holdings), with 13.57%, and Gávea Investimentos, one of the main fund managers in the Brazilian financial market, with 5%.

The on-going partnership established with Petrobras in the 1950s allowed Odebrecht to gather specialized experience in the Oil and Gas segment. This work also gave the Organization the distinction of pioneer in the sector. Founded in 1979, Odebrecht Perfurações Ltda. (OPL) became the first private Brazilian company to provide offshore well drilling services to Petrobras. It was also the first to operate a semisubmersible rig in a water depth of 1,000 meters (approx. 3,300 feet).

Currently, Odebrecht Oil and Gas is the company with the highest number of drill rigs for ultra-deep waters operating in Brazil. By 2020, five more drill rigs will start operating in partnership with the company Sete Brasil. The contract for the operation of these units for Petrobras is set to last for the next 15 years.

The Organization also consolidated its position in the submarine construction market with the conclusion of the South-North Capixaba Raso Gas Pipeline and the winning of the rights to the chartering and operation contract for two PLSVs (two flexible pipe laying support vessels). The Cidade de Itajaí FPSO also began operating, marking the start of Odebrecht’s operation in Brazil’s floating production unit charter and operation market.

It also implemented the Embark Program, focused on training professionals in the drilling, offshore subsea, nautical, maintenance, cargo movement and workplace safety.

Other achievements recorded by Odebrecht Oil and Gas in 2012 and 2013 include:

  • Maintenance and assembly of three exploration and production units for Statoil in the Peregrino field (Campos Basin);
  • Maintenance and assembly services for 13 fixed Petrobras rigs in Campos Basin;
  • Renewal of the FPSO North Sea Producer operation until 2020 in partnership with Maersk;
  • Symbolic cutting of the first steel part at the DSME shipyard in South Korea of two PLSVs (Pipe-Laying Support Vessels – maritime vessels that connect rigs and oil production rigs via cables), marking the start of the vessel construction.
  • Signing of the offshore maintenance and service contract for up to eight Petrobras rigs with a duration of four years and the possibility for extension for the same period.

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