The ETEC contract represents a pioneering approach in which Petrobras share the risk of developing new technology, with compensation contingent on the solution's successful commercialization. This agreement aims to advance research and development efforts within the oil and gas industry, directly responding to the growing demand for reliable, corrosion-resistant flexible pipes.
The contract stipulates that Petrobras will invest in the development and qualification of this new technology, while NOV’s experts collaborate closely with Petrobras to ensure the solution meets stringent industry standards. The focus is on developing 6inch and 8inch production and gas injection risers and flowlines that can withstand high CO₂ levels in deepwater applications, a critical need for Petrobras and its partners in Brazil.
It’s a unique opportunity for NOV to leverage its expertise in flexible pipe technology to lead a market that demands advanced solutions for challenging subsea conditions.
The technology will not only address the stress corrosion cracking issue but will also preserve the key attributes of standard flexible pipes, —such as ease of installation and compatibility with existing vessels and infrastructure— thereby ensuring minimal disruption and cost-effective integration into Petrobras' field developments.
