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Altera And Ocyan JV To Operate Two Platforms Off Brazil

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Altera&Ocyan, the joint venture formed by Altera Infrastructure, formerly Teekay Offshore, and the Brazilian company Ocyan, has signed a contract to carry out maintenance and take over operations at two production platforms in the Papa Terra field in the Campos Basin.

The five-year deal linked with Brazilian independent 3R Petroleum will see Altera&Ocyan operate the P-61 tension-leg platform and the P-63 floating production, storage, and offloading unit.

Marcelo Nunes, Altera&Ocyan director general, said: “This is the first time we are going to take over the operation of assets from another company, without owning them, expanding the scope of services we offer to the market.”

The company added that the achievement of this new contract, which can be extended for up to five years, will generate approximately 250 new job opportunities, including offshore and onshore.

The deal is subject to approval by the Administrative Council for Economic Defense – CADE.

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