Saipem eyes Brazil’s offshore decommissioning market with Petrobras tie-up

AI Summary

Italian contractor Saipem signed a memorandum of understanding with Petrobras to enter Brazil's offshore decommissioning market. The cooperation will cover various end-of-life activities for retiring aging offshore oil and gas infrastructure, including well plug and abandonment.

Italian offshore contractor Saipem is positioning itself for a larger role in Brazil’s emerging decommissioning market after signing a cooperation agreement with Petrobras to explore solutions for retiring ageing offshore oil and gas infrastructure. The companies have signed a memorandum of understanding covering a range of end-of-life activities, including well plug and abandonment work, subsea …