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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Petróleo Brasileiro S.A. - Petrobras    PETR4   BRPETRACNPR6

PETRÓLEO BRASILEIRO S.A. - PETROBRAS

(PETR4)
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Saipem S p A : awarded a contract for the Buzios pre-salt field in Brazil worth approximately 325 million USD

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07/07/2020 | 11:09am EDT

San Donato Milanese - Saipem has been awarded a contract by Petrobras for the installation of a rigid riser-based subsea system to serve the Buzios pre-salt project, in water depths from 1537 to 2190 meters, offshore the state of Rio de Janeiro.

The Buzios-5 overall production system foresees the interconnection of 15 wells to the FPSO in two phases. The project awarded to Saipem includes the Engineering, Procurement, Construction and Installation (EPCI) of the Steel Lazy Wave Risers (SLWR) and associated flowlines between all wells and the FPSO. In particular, the scope of work includes five production and five injection risers and flowlines for a total length of 59 km, a 16 km-long gas export line to be connected to an existing pipeline, 11 rigid jumpers and 21 foundation subsea structures (risers and PLETs).

Saipem will use FDS, its state-of-the-art field development ship, for all the subsea works.

'Buzios is one of the world's largest deepwater oil fields and it is very important for Saipem to contribute to such a significant project for Brazil, a country in which we have a long-established presence and track record of successfully-executed projects.' commented Francesco Racheli, Chief Operating Officer of Saipem's E&C Offshore Division. 'This new acquisition efficiently combines in-house capabilities and appropriate assets to carry out this ambitious endeavour and reinforces our reputation as a global provider of valuable solutions in a country offering great opportunities. We look forward to working alongside Petrobras to further develop Brazil's resources and ensure the safe and timely achievement of the field's full production output'.

Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. It is 'One-Company' organized in five business divisions (Offshore E&C, Onshore E&C, Offshore Drilling, Onshore Drilling and XSIGHT, dedicated to conceptual design). Saipem is a global solution provider with distinctive skills and competences and high-tech assets, which it uses to identify solutions aimed at satisfying customer requirements. Listed on the Milan Stock Exchange, it is present in over 70 countries worldwide and has 35 thousand employees of 120 different nationalities.

Contact:

Tel: +39 02 44234653

Email: investor.relations@saipem.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 291 B 54 744 M 54 744 M
Net income 2020 -38 337 M -7 218 M -7 218 M
Net Debt 2020 364 B 68 504 M 68 504 M
P/E ratio 2020 -8,67x
Yield 2020 1,98%
Capitalization 298 B 56 336 M 56 183 M
EV / Sales 2019
EV / Sales 2020 2,28x
Nbr of Employees 57 983
Free-Float 64,3%
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Technical analysis trends PETRÓLEO BRASILEIRO S.A. -
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 29,38 BRL
Last Close Price 22,51 BRL
Spread / Highest target 64,4%
Spread / Average Target 30,5%
Spread / Lowest Target 2,18%
EPS Revisions
Managers
NameTitle
Roberto da Cunha Castello Branco President, Chief Executive Officer & Director
Eduardo Bacellar Leal Ferreira Chairman
Andrea Marques De Almeida Chief Financial & Investor Relations Officer
Marcelo da Silva Carreras Head-IT & Telecommunications
Marcia Tosta Head-Cyber & Information Security
Sector and Competitors
1st jan.Capitalization (M$)
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-25.41%56 336
SAUDI ARABIAN OIL COMPANY-6.52%1 747 749
ROYAL DUTCH SHELL PLC-43.40%126 689
PETROCHINA COMPANY LIMITED-25.83%116 820
TOTAL S.A.-28.69%102 615
GAZPROM-22.02%66 051