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Ocyan

Ocyan is a company with a sustainable attitude and knowledge to provide solutions for the offshore oil and gas industry in Brazil and abroad.Its main values ​​are the security of the Members and the operation, the partnership of trust with the clients, and the commitment to ethics and transparency.

Its areas of operation include:

  • Offshore Maintenance and Services
  • Offshore Drilling 
  • Offshore Production
  • Subsea Construction

Its fleet comprises six offshore drilling units, four drillships and two semi-submersible, as well as two FPSOs (Floating Production Storage and Offloading) and two pipe laying support vessels – PLSVs.

Furthermore, Ocyan´s technical team is prepared to meet, upon demand, the maintenance requirements and specialized services for the upstream oil and gas industry in Brazil.

Its headquarters are located in the city of Rio de Janeiro, in addition to four logistics support bases, two in Macaé (Rio de Janeiro), one in Itajaí (SC) and finally in Santos (SP).  Ocyan also has an office in Vienna, Austria. 

A few of the company's recent achievements include:

  • Structuring of the Compliance Department in consonance with Brazilian and international mechanisms;
  • Bond restructuring in progress, linked to the restructuring of corporate loans with banks;
  • Arrival of FPSO Pioneiro de Libra to Brazil;
  • Use of the offshore Floating Mud Cap Drilling (FMCD) technique in deep water for the first time in the world. The initiative, conducted by the Engineering Department, enabled ODN Delba III to achieve the best client evaluation in its history;
  • In Offshore Production, FPSO Cidade de Itajaí reached the mark of 76 million barrels of oil produced and average production of 46,300 oil barrels/day;
  • Cidade de Itajaí FPSO

  • PLSVs (Pipe Laying Support Vessel)

  • Offshore Drilling Unit NORBE VIII

Awards and Distinctions

Its performance in the sector has earned Ocyan awards such as the Latin American Offshore Drilling Deal and the Latin America Oil & Gas Deal of the Year for 2013, awarded by the Project Finance magazine; and the Project Bond Deal of the Year for 2013, awarded by World Finance magazine.

Timeline

In the 1970s, Brazil invested heavily in domestic oil prospecting and exploration in an effort to become less dependent on foreign fuel. Between 1975 and 1976, Odebrecht began drilling in the fields of Vaza-Barris, in Sergipe, and Garoupa and Pargo, in Campos Basin (RJ), where the discovery of oil was announced in 1974.

1979 marked the creation of Odebrecht Perfurações Ltda. (OPL), focused on drilling wells both on land and at sea, as well as building pipelines and offering complementary services. After winning the first Petrobras bidding process for drilling on the continental shelf, OPL acquired the NORBE I self-lifting rig in Singapore. The operation made Odebrecht the first private Brazilian company to offer this type of service.

In the 1980s, it took the bold step of undertaking oil drilling operations in areas with water with depths exceeding 90 meters, in addition to learning how to operate semi-submersible platforms. A partnership with Triangle Drilling and the French company Foramer S.A. allowed for the operation of the NORBE I, II, III, IV and V units. By the end of the decade, OPL was the already the largest private fleet in the country for offshore oil drilling and exploration with eight platforms. 

In the 1990s, the company expanded its operations internationally, including the North Sea, focused on offering services and operating FPSOs for new Clients. In 2006, the Group concentrated its oil and gas investments in a new business, Odebrecht Oil & Gas. In 2018, the company changed its brand to Ocyan and presented its new visual identity.

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