Businesses

Our Businesses

Odebrecht Oil & Gas

Founded in 2006, Odebrecht Oil & Gas provides integrated solutions for the upstream oil and gas industry in Brazil and abroad in the investment and operational phases, as well as in the Chartering and Operation of Offshore Drilling Rigs, Supply and Installation of Submarine Infrastructure, Chartering and Operation of Offshore Production Units and Offshore Maintenance and Services segments. It is a privately held Brazilian company, 100% owned by Odebrecht S.A.

The Company’s vision is to be the number one choice of clients.  For this, its operations are based on operational excellence and creation of value for clients and shareholders through investments in knowledgeable people, advanced technologies and sustainable business practices. 

Its areas of operation include:

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

Headquartered in the city of Rio de Janeiro, it has three Logistics Support Bases: two in Macaé (RJ) and one in Itajaí (SC), in addition to an office in Austria.

Its assets comprise six drilling rigs, of which four are drilling vessels and two are semi-submersible platforms, in addition to two Floating Production Storage and Offloading (FPSO) vessels and two Pipe Laying Support Vessels (PLSV).

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;
  • The average economic uptime of the two PLSVs (TOP Coral do Atlântico and TOP Estrela do Mar) in 2016 was 94.6%;
  • 9,200 people in 27 communities directly benefitted by social projects in the fields of basic education, culture, sports and leisure.
  • Cidade de Itajaí FPSO

  • Odebrecht OIl & Gas offers integrated solutions

  • PLSVs (Pipe Laying Support Vessel)

  • Offshore Drilling Unit NORBE VIII

Awards and Distinctions

Its performance in the sector has earned Odebrecht Oil & Gas 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.