Competitive Strengths
We operate across the entire life cycle for E&P, as described in the graphic below. Given that our vessels service the principal production fields of Petrobras and various IOCs, our services rendered and revenues are concentrated primarily in the development and production phase, which makes our business resilient to fluctuations in oil prices, which tend to have a more severe impact on activities in the exploration phase.
Our long-standing relationship with companies in the oil and gas sector, coupled with Brazil’s standing as the leading market for oil and natural gas production, gives us a competitive advantage as we seek to win and negotiate new services agreements.
Our fleet is composed of tailored vessels equipped with cranes and other equipment to operate in deepwater fields, which we believe makes us well-suited to provide specialized, quality services and support the oil exploration and production chain in the pre-salt layer.
In 2017, we acquired Maritim Miljø Beredskap AS, or MMB, a Norwegian company specializing in environmental emergency responses with a large inventory of oil spill response equipment. This acquisition enabled us to expand our portfolio of services and to strengthen relations with the Norwegian Clean Seas Association for Operating Companies, or NOFO, one of the most renowned environmental emergency response associations in the world. As a result, we have one of the largest equipment inventories in Latin America used to prevent and remediate oil spills, respond to emergencies and collect oceanographic data.
We continuously work to develop innovative solutions and technological improvements in connection with our services. We are active in the technology park of the Federal University of Rio de Janeiro (Universidade Federal do Rio de Janeiro), or UFRJ, and have partnered with the Laboratory of Computing Methods Applied to Engineering (Laboratório de Métodos Computacionais em Engenharia), or LAMCE, and Oceanic Technology Laboratory at UFRJ (Laboratório de Tecnologia Oceânica), or LabOceano, to develop and improve solutions to meet our clients’ demands, in addition to actively participating in the primary events in the oil and gas sector.
The Company has always invested in building a solid enterprise—with innovative teams, assets, and systems. As of June 30, 2024, the Company had 1,935 employees, including more than 260 oceanographers, biologists, nautical science graduates, engineers (naval, environmental, chemical, industrial, among others), and holders of master’s and doctoral degrees. Beyond academic training, the Company continuously invests in the technical development of its team.
The ongoing training of its employees is reflected in the success of more than 150 drills with IBAMA, one of the prerequisites for environmental licensing of oil blocks and fields, in 524 hours of training (including 181 practical exercises), and in expertise in autonomous vehicles.
The Company’s mission is to help society and its clients to know, use, and explore the coastline, the oceans, and their resources, ensuring their protection and preservation. Hence the origin of the name “OceanPact”: a pact for the ocean. For this reason, the Company adheres to high ESG (Environmental, Social, and Governance) standards, which are fundamental pillars of the Company’s operational strategy over more than 12 years of experience in the sector.
Furthermore, the Company values the culture of executive partnership, entrepreneurship, innovation, and equity participation as pillars for its growth and development. The culture of sustainability, valuing people, and environmental preservation is at the core of its mode of operation, as well as in the way its employees act and think.
OceanPact stands out for its value proposition aligned with ESG guidelines, whose relevance has been a driver of the strategic direction of companies across various sectors. Especially in the Oil & Gas sector, the ESG proposition has encouraged a stance in favor of a carbon-neutral proposal (Net Zero) by the IOCs and stricter environmental awareness protocols, which reinforces the Company’s long-term relevance within the sector’s strategy given its environmental protection and response services.
Moreover, the Company is a signatory of the United Nations (UN) Global Compact and seeks to align its practices with the Sustainable Development Goals, such as health and well-being, gender equality, innovation, responsible consumption, and life below water. Also, through its collaboration with research institutes, as well as partnerships with the Navy and FINEP, the Company developed the Cronos project, conducting real-time measurements of surface marine currents in strategic locations, compiling valuable data for hydrodynamic modeling and projections, and sharing data with projects like Marem.
The Company has a diverse customer base and long-term relationships.
Since 2019, the Company has been among the top-ranked in Petrobras’ PEOTRAM (Operational Excellence Program in Air and Maritime Transport) ranking, which ensures a 3% bonus on the daily rate of contracted vessels. The Company has also been recognized by other clients for its QSMS (Quality, Safety, Environment, and Health) policies and practices, receiving awards for consecutive years.
In addition to its strong presence in the O&G market, the Company is also active in other segments, including port terminals, mining, energy, telecommunications, and chemicals, among others.