Altera and Ocyan JV to operate two platforms off Brazil

Altera&Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure, formerly Teekay Offshore, 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 inked 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.

“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,” said Altera&Ocyan director general Marcelo Nunes.

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.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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