Subsea Integration Alliance secured an exclusive contract from Equinor for the Front End Engineering Design (FEED) study on its Bacalhau (formerly Carcará) project, offshore Brazil.
According to Subsea 7, the awarded work (worth over US$750 million) is required to finalize the technical definition of the proposed development prior to Equinor making final investment decisions (FID) late 2020.
The contract is based on a two-step award. The FEED and pre-investment are starting now, with an option for the execution phase under a lump sum turnkey set-up which includes engineering, procurement, construction and installation for the entire SURF and SPS scope, Subsea 7 elaborated.
The development will include 19 wells, approximately 130 km of rigid risers and flowlines and 35 km of umbilicals. Furthermore, Subsea Integration Alliance will be responsible for subsequent life of field support, representing a fully integrated contract model across the entire field lifecycle, from engineering, early engagement to after-sales services.
Offshore installation activities are scheduled for 2022 and 2023.
The Bacalhau field is located 185 km from the coast of the State of São Paulo, in water depths of 2050 meters.