McDermott secures offshore installation contract in Brazil, expected to boost production

McDermott has secured a contract in Brazil for offshore transportation and installation for the Papa-Terra and Atlanta fields. The contract involves pipelines, umbilical, and subsea equipment for new wells at Papa-Terra and Atlanta Phase 2. The new wells are expected to boost production and extend the lifespan of deepwater infrastructure.

BRAVA Energia finalized a deal with Trafigura for the sale of six million barrels of oil from the Atlanta field in early 2025. McDermott’s history with the Papa-Terra field includes delivering the tension leg wellhead platform, a first for a dry-tree floating production system in Brazil. The company’s commitment to the South American market is evident in recent projects.

McDermott’s subsea and floating facilities senior vice-president highlighted the importance of subsea infrastructure for long-term production in deepwater developments. The company’s integrated delivery model, marine capabilities, and expertise in brownfield deepwater solutions will support Brazil and the broader South American offshore market.

Read more at Yahoo Finance: McDermott wins offshore installation contract in Brazil