Keppel Wins USD 200 Mln FPSO Topsides Fabrication Contract (Brazil)

Keppel Offshore & Marine Ltd has, through its Brazilian subsidiary Keppel FELS Brasil, been awarded a contract by MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), to construct topsides for an FPSO.

The contract, estimated at USD 200 million, encompasses the fabrication and integration of topside modules for the FPSO Cidade de Mangaratiba MV24 at Keppel FELS Brasil’s yard in Angra dos Reis, Rio de Janeiro, Brazil.

Work is expected to start at BrasFELS in later this year. The major work scope includes fabrication of the helideck, flare tower, risers, manifolds, waste heat recovery units, sulphate removal unit, water injection unit and integration.

Chow Yew Yuen, Chief Operating Officer of Keppel O&M, commented, “We would like to thank our repeat customer MTOPS for reaffirming their confidence in us. This is our second project with them and we are committed to deliver it safely, on time and within budget. The first project, the integration of topside modules for the FPSO Cidade de Sao Paulo is progressing well, and we look forward to support MTOPS as they grow their presence in Brazil.”

The FPSO Cidade de Mangaratiba MV24 will be moored in the Cernambi field (formerly named Iracema) on Block BM-S-11 in the giant “pre-salt” region of the Santos Basin with its water depth of 2,300m.

Scheduled for delivery during the 3rd quarter of 2014, the FPSO will begin its 20-year long charter contract with a consortium established by Petrobras, BG Group and  Galp Energia. It will have a daily production capacity of 150,000 barrels of oil per day (bopd) and storage of 1,600,000 barrels of oil.

“As a leading FPSO operator, we are ideally positioned to support the growth of Brazil’s oil and gas production. In partnering an established shipyard like BrasFELS, we help ensure that our customers get their FPSOs on time to meet their production targets,” Shigero Usami, President of MODEC Singapore, said.

MODEC and Mitsui have already provided two FPSOs for the pre-salt oil field, and this will be their third pre-salt related FPSO chartering project.

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Offshore Energy Today Staff, July 11, 2012