Petrobras Retains Endeavor Management to Document Successful Industry Practices in Subsea Decommissioning

  Petrobras Retains Endeavor Management to Document Successful Industry
  Practices in Subsea Decommissioning

Business Wire

HOUSTON -- June 5, 2014

Endeavor Management announced today that Petrobras has retained the
Houston-based consulting firm to investigate and document successful industry
practices for decommissioning subsea infrastructure. Endeavor Management
intends to gather information from regulators, contractors, and engineering
companies, as well as engage major operating companies in collaborative
benchmarking to share knowledge and experiences.

Bruce Crager, Executive Vice President of Endeavor Management, stated, “Few
subsea fields have ever been decommissioned. This initiative by Petrobras
reflects their desire to conduct cost-effective and environmentally-friendly
decommissioning of subsea fields at the end of their productive life. This
study will fully engage the regulatory, contracting and operating communities
so that Petrobras can achieve and maintain the highest level of competency for
subsea decommissioning. We welcome and encourage the participation of other
major operators in benchmarking successful practices and knowledge-sharing in
this area.”

Endeavor Management is an international strategic advisory firm headquartered
in Houston, Texas. Endeavor collaboratively works with their clients in
executing strategic transformation of their businesses. The firm has a 40-year
history and personnel with deep industry expertise who use proven
methodologies for Business Transformation, Operational Excellence,
Organizational Effectiveness, and Leadership Development. For more
information, visit www.endeavormgmt.com or call 713-877-8130.

Contact:

Endeavor Management
Bruce Crager, 713-459-1215
Executive Vice President
bcrager@endeavormgmt.com
or
John Elmer, 713-581-4725
Executive Vice President
jelmer@endeavormgmt.com
 
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