HRT contracts EPIC as consultant for Polvo acquisition

Offshore staff

HOUSTON – EPIC Management Resources has been hired by HRT Participacoes to serve as an asset transition consultant for HRT’s acquisition of the Polvo field in block BM-C-8 in the Campos basin, offshore Brazil.

EPIC performed the technical due diligence of the platform, drilling rig, and FPSO before HRT signed the purchase and sale agreement (PSA) with BP Energy do Brasil in May. EPIC helped HRT Participacoes manage the transition period following the signing of the PSA through ANP approval and the handover of operations. Activities included assessing the condition of the platform and FPSO, along with current and future production capabilities.

EPIC also monitored progress of the transition period to ensure that key milestones were met by BP and HRT in addition to assisting HRT in establishing an organization necessary to support onshore and offshore operations of the 24-slot drilling/production platform and FPSO.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...