The Norwegian oil major has secured suppliers to build a floating production vessel, drill production wells and install sea-bed infrastructure. Valaris earlier this year won a $498 million contract to drill wells for the project, known as Raia. The project will cost an estimated $9 billion and could supply 15% of Brazilian gas demand when it comes online.
Petrofac’s operations business secures $500 million in contracts
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new...
