Ocean Installer AS, a wholly owned subsidiary of the Norwegian project company Moreld ASA, has been awarded a contract in Brazil by Norwegian oil major Equinor for the Bacalhau Project’s Well Tie In scope.
The awarded scope covers installation of rigid well jumpers between flowlines and subsea trees, flying leads installation and associated pre‑commissioning.
The scope covers numerous wells over a 4.5‑year period, with the first offshore campaign planned in 2027.
The expected value of the contract is between NOK 500m to NOK 1bn.
According to Ocean Installer, Bacalhau is Equinor’s largest international offshore field and the first asset in the Brazilian pre-salt area to be entirely developed by an international operator.
Located in the Santos Basin, the Bacalhau field is developed in ultra‑deep water of 2,100 meters and is characterised by high reservoir pressure, making offshore operations technically demanding.
“This award represents a step‑change for Moreld,” said Geir Austigard, chief executive officer of Moreld. “This is Ocean Installer’s first award in Brazil. The scope involves production‑critical work on a major international asset operated by Equinor, reflecting Ocean Installer’s ability to deliver safely, reliably and consistently over time.”
In parallel with the contract award, Ocean Installer has recently established a Brazilian entity and onboarded its first local employees, laying the foundation for a permanent and scalable local presence in the world’s largest global market for subsea projects.
