ABOUT OCYAN

We are a supplier to the oil and gas and new energy sector with great expertise and technical excellence. We have a strong culture that permeates all of our businesses, in addition to a serious short, medium and long-term commitment to our ESG agenda that permeates the safety of our operations and people, relationships with the communities in which we operate, diversity, carbon neutrality and clean energy.

We work with solutions for the offshore industry in the areas of oil production, through the Altera&Ocyan joint venture; subsea construction and offshore decommissioning services, as well as asset maintenance. We also work on revitalizing the gas network through the Ocyan&Mota-Engil Consortium. We also have a minority shareholding in Foresea, a company in the offshore drilling segment. Ocyan also advances in studies and projects related to new services and energies, technologies and Corporate Venture Capital.

our values

We trust in the potential of the human being

We believe in the will and capacity that each person has to develop themselves. We prioritize life in all our decisions, practicing a culture of health, safety, and well-being prevention for everyone, wherever they may be.

We operate with a spirit of service

The spirit of service is present in all our actions. We promote and encourage collaborative environments where we can interact with humility and simplicity, learning, relearning, teaching, and proactively sharing our knowledge.

We are ethical, integral, and transparent

We do what is right. We operate openly, honestly, and in compliance with the laws of each location, with our Corporate Governance, our internal policies, and guidelines. We honor our commitments and make decisions free from self-interest. We leverage our successes, learn from our mistakes, and reposition ourselves when necessary, always willing to influence and be influenced.

We practice planned delegation

We follow a disciplined process of planning, agreement, monitoring, evaluation, and conclusion of the Action Program (PA). This allows us to operate in a decentralized manner, surpassing our goals with determination, dialogue, creativity, and commitment. We believe that education through work accelerates our development and inspires generations of business partners starting from Small Businesses.

We focus on customer satisfaction

We are dedicated to identifying, winning, and satisfying customers, acting sustainably, and fulfilling our social and environmental responsibility. We generate material and moral wealth for society, customers, shareholders, and members of the Group.

We are diverse and inclusive

We think and act in a coordinated, integrated, and inclusive manner involving diverse individuals. The diversity of perspectives enhances our strength, improves our deliveries, and impacts our results. We encourage our members to take a personal commitment to diversity, welcoming and respecting individual differences.

We prioritize innovation and creativity

With synergy and creativity, we seek constant innovation to improve the quality of our products and services and increase our competitiveness. We always keep an open mind to new discoveries, creating the best solutions, embracing challenges with optimism and transforming problems into opportunities.

Our actions benefit society

We believe that all wealth generated by a company should be used to contribute to the transformation of society. In a relationship of permanent partnership, we reinvest the results we achieve, creating new opportunities for employment and income through the expansion of the businesses we operate and the creation of new ventures.

We promote sustainable development

We understand that sustainability goes far beyond the regulations that lead our activities. Promoting sustainable development means understanding and anticipating the trends and priorities of society, respecting global conventions, and paying attention to climate, biodiversity and human rights.

Our personality

We are transparent. We have technical expertise. We are determined.

our investments

Clients and partnerships

timeline

In a time when only foreign companies operated in the country, the company that originated Ocyan was the first Brazilian company to provide drilling services to Petrobras, acquiring the asset, Norbe I, in Singapore.

In the 1980s, the company operated eight drilling units, in-house and third-parties, in shallow water (up to 400m) and deepwater (up to 1,500m).

The 1990s were marked by the internationalization of the company and the beginning of operations in ultra-deep waters (from 1,500m), with the record of the deepest well in Brazil (6,168m).

Beginning of the joint venture with Maersk for the operation of the FPSO North Sea Producer production platform in MacCulloch field for Conoco Phillips customer.

With the creation of the new Oil Law in Brazil, the company began its activities as an exploration and production investor in Brazil and Angola.

Beginning of operations in Bacia de Campos, providing assembly and maintenance services on production platforms.

Ocyan signs a contract with Petrobras for the chartering and operation of NORBE VI, semi-submersible platform with capacity to operate in water depths of up to 2,400m.

Ocyan wins contracts until 2021 (renewable) with Petrobras to charter and operate two drillships, NORBE VIII and NORBE IX, both with capacity to operate in water depths of up to 3,000m.

Two new contracts are signed with Petrobras until 2022 (renewable) for chartering and operation of two drillships, ODN I and ODN II, both with capacity to drill in water depths of up to 3,000m.

Ocyan wins two new contracts until 2019 (renewables) for charter and operation of the semi-submersible platforms ODN Delba III and ODN Tay IV, for the client Petrobras.

Construction and start of the FPSO Cidade de Itajaí operation, in partnership with Teekay Offshore, for an initial contract of 9 years (renewable) for Petrobras customer.

Beginning of the construction of the PLSVs TOP Coral do Atlântico and TOP Estrela do Mar in partnership with the company Technip FMC.

Beginning of the operation of the PLSVs TOP Coral do Atlântico and TOP Estrela do Mar, in partnership with the company Technip FMC, for a period of five years (renewable) for the Petrobras client. - Operation of the Polar Onyx PLSV, in partnership with the company CEONA Chartering Ltda, for a period of 12 months (renewable) for the Petrobras customer. - Beginning of the construction of the FPSO Pioneiro de Libra, in partnership with the company Teekay Offshore, to attend the charter and operation contract signed with Petrobras client, for a period of 12 years.

Start of operation for Long Duration Tests of the FPSO Pioneiro de Libra, in the Libra Block, one of the largest deposits in Brazilian deep waters, located in the Pre-Salt of the Santos Basin.

The company changes its name to Ocyan and launches a new visual identity, reinforcing its positioning for the market. The rebranding completes a cycle of renewal of the company that, with a renewed and healthy capital structure, adapted to its operations and needs, is preparing for a new phase of growth.

Ocyan launches its purpose: “Excellence pursuing the energy that boosts the world” and, for the first time in the company's history, a Brazilian woman takes command of a drillship in the fleet, the Norbe IX ship.

During the Covid-19 pandemic, Ocyan reinvented itself and focused on the safety and well-being of onshore and offshore employees, achieving the best operational and economic performance index in the company's history. Promoting a more inclusive environment is a commitment for Ocyan, and it was with this sensitive eye that the company appointed for the first time to governance, a black woman to occupy a place on the board of directors in the oil and gas sector in Brazil.

The drilling rigs Norbe VIII and Norbe IX are re-contracted by Petrobras, and Norbe VI is contracted by PetroRio. Ocyan also wins two new offshore maintenance contracts. In 2021, the company incorporated the ESG vision to its corporate strategy, making short, medium and long-term commitments.

ODN II is rehired by Petrobras to work on a project in the Equatorial Margin. Ocyan starts a contract with Petrobras to provide construction, assembly and maintenance services for replicating EPSOS. Ocyan also begins three other contracts, with 3R PETROLEUM for the operation and maintenance of the P-61 (3R2) P-62 and (3R3) platforms in the Papa-Terra field, with PRIO for the revitalization of the West Capricorn platform located in Trinidad and Tobago and to be completed in Guanabara Bay, and with Petrobras in EPRD for decommissioning of the state-owned company's 3 FPSOS Subsea systems. Ocyan also signs the contract to make ODN I, ODN II and NORBE VI available from Sep/23 for charter and operation for 3 years.

Ocyan signs a contract with Prio for the operation and maintenance of the West Capricorn drilling rigs. The drilling area is sold, giving rise to Foresea, a company in which Ocyan has a seat on the Board of Directors.

Ocyan wins a four-year contract to carry out the revitalization of Petrobras' gas network in the Campos Basin. The agreement marks the company's expansion into offshore EPCI projects, which includes engineering, manufacturing, acquisition and installation of equipment.

EIG, a leading institutional investor in the energy and infrastructure sectors worldwide, enters into a definitive agreement with Novonor S.A. (Novonor) and the National Development Bank (BNDES) to acquire a 100% stake in Ocyan.