
Ocyan signs new contract with PRIO

Brazil firm Ocyan has signed a 730-day operation contract with PRIO (formerly PetroRio) to operate the West Capricorn rig, which is one of the oil company's assets.
In October, BNamericas reported that the contract could be signed after a deal was inked to reactivate the rig – which would be done as soon as the equipment arrives in Brazil from Trinidad and Tobago.
"The contract is an important milestone because it shows recognition of Ocyan's technical capacity in the market, which is generating business in the area of operation of third-party assets. It also reinforces our company's strategic position with independent operators in the drilling area, especially in the domestic market,” Ocyan’s drilling executive VP, Heitor Gioppo, told BNamericas.
Activities are expected to start in August 2023. For the execution of the contract, 160 jobs are planned for Ocyan staff, all in offshore positions.
The West Capricorn was built in 2011 and is a sixth-generation semi-submersible drilling rig. It is suitable for both subsea services and drilling in water depths from 80 meters to 3,000 meters.
HISTORY WITH PRIO
Ocyan has been working with the Norbe VI rig for PRIO since July 2021 under a contract that is in effect until August 2023 and includes revitalization activities in the Frade field and Wahoo development in the Campos Basin.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Oil & Gas (Brazil)

On the up: CHC Helicopter's optimism for Brazil's offshore air support sector
BNamericas talked to Carlos Madaleno, sales director for the Americas of one of the world’s main offshore air support service providers.

Brazil: Eneva expands gas reserves to 47.528 billion m³
Exploration of basins in Maranhão and Amazonas accounted for the incorporation of 12.035 billion m³ of natural gas reserves.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Brazil)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block SEAL-T-191
- Current stage:
- Updated:
7 hours ago
- Project: Block SEAL-T-188
- Current stage:
- Updated:
7 hours ago
- Project: Block SEAL-T-176
- Current stage:
- Updated:
7 hours ago
- Project: Block SEAL-T-169
- Current stage:
- Updated:
1 day ago
- Project: Block REC-T-37
- Current stage:
- Updated:
7 hours ago
- Project: Block REC-T-44
- Current stage:
- Updated:
6 hours ago
- Project: Block REC-T-45
- Current stage:
- Updated:
6 hours ago
- Project: Block REC-T-46
- Current stage:
- Updated:
1 day ago
- Project: Block REC-T-47
- Current stage:
- Updated:
6 hours ago
- Project: Block REC-T-54
- Current stage:
- Updated:
6 hours ago
Other companies in: Oil & Gas (Brazil)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Sumitomo Corporation do Brasil S.A.  (Sumitomo Brasil)
-
Founded in 1970, Sumitomo Corporation do Brasil, the local entity of Japanese conglomerate Sumitomo, operates in a diversity of sectors, such as metals and mineral resources, ch...
- Company: Vast Infraestrutura
-
We are a company dedicated to offering infrastructure and logistics solutions for the safe, clean, efficient and sustainable movement of liquids for the energy market.
- Company: Agribrasil
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: BSBIOS Passo Fundo
- Company: Consórcio BM-S-11
-
The BM-S-11 Consortium is a partnership formed by Galp Energia Brasil, SA, Petróleo Brasileiro SA, and Shell Brasil Petroleo Ltda. for the execution of the Iracema Norte Field p...
- Company: UTC Engenharia S.A.  (UTC Engenharia)
-
UTC Engenharia S.A. is the engineering and industrial services subsidiary of Brazilian group UTC Participações. The firm has been involved in the development of projects in area...