The oil and gas chain has accelerated its development over the past few years, gaining weight in the Brazilian economy. The Organization followed this progress closely through companies now concentrated in Odebrecht Oil and Gas SA, OOG .
In October 2010, OOG announced its capitalization with the entry of the shareholder Temasek Holdings, an investment company with a portfolio of US $ 133 billion and headquartered in Singapore. Temasek invested US $ 400 million in OOG.
In 2011, one of the main asset managers in the Brazilian financial market, Gávea Investimentos, became part of OOG’s total capital with 5%. Gávea Investimentos is a private equity manager of more than US $ 7.2 billion.
OOG’s business is the provision of services to the oil and gas industry, providing integrated solutions from engineering design and project management to the operation of drilling, production and support units.
OOG’s scope of action includes:
- Integrated Services: comprising maintenance and logistics of offshore platforms , operation of FPSOs and Subsea ;
- Offshore drilling : involving the chartering and operation of these units.
The partnership established with Petrobras since the 1950s gave Odebrecht differentiated experience in the Oil and Gas segment.
This trajectory has given the Organization the mark of a pioneer in the sector. In 1979, Odebrecht Perfurações Ltda., OPL, the first private Brazilian company providing services to drill offshore wells for Petrobras, was created. It was also the first to operate a semi-submersible platform in a water depth of 1,000 meters.
International operations
Since 1997, OOG has operated, in partnership with Maersk FPSOs , the North Sea Producer FPSO oil production platform, responsible for the exploration of the MacCulloch field , in the British part of the North Sea, for ConocoPhillips . The initial forecast was to produce 26 million barrels. Currently, the total volume of oil produced reaches 110 million barrels.
The company also offers services for chartering and operating offshore drilling rigs for deep waters. Still in 2011, the Norbe VI submersible platform will start operating in Brazil, followed by the Norbe VIII and Norbe IX drilling rigs.
Two new drillships are in the final stages of construction in South Korea, ODN I and ODN II. These units will be able to drill in water depths of up to 3,000 meters. Its operations will start in 2012.
OOG’s fleet is built with the latest technology. All units are manned giving priority to teams with extensive experience in deep waters and the training of Brazilian labor to operate in the national and international markets.
After all, the company focuses on creating value for Customers and Shareholders, business excellence and sustainability. OOG is committed to the efficiency, productivity, protection of the environment and the safety and health of Members and partners.