Modec to Provide FPSO for Brazilian Marlim Project
- Business & Finance
Japanese supplier and operator of offshore floating platforms Modec has received a letter of intent (LOI) from Brazil’s Petrobras for the supply, charter, and operations of a floating production storage and offloading (FPSO) vessel for Marlim revitalization project.
The 25-year charter contract is the 16th Modec’s project for the Brazilian market, according to the company.
With the first oil production planned for 2022, the FPSO will be capable of processing 80,000 barrels of crude oil per day, 7 million standard cubic meter of gas per day, 390,000 barrels of water injection per day and will have a minimum storage capacity of 1,000,000 barrels of crude oil.
The abovementioned field is 100% operated by Petrobras and is situated in the Campos Basin, in the northern region of the Rio de Janeiro State, 150 kilometers off the coast. The oil wells are at a water depth approximately 670 meters.
Modec is responsible for the engineering, procurement, construction, mobilization, chartering and operations of the FPSO, including topsides processing equipment as well as hull and marine systems.
In addition to the Marlim 1 FPSO, Modec will also provide three more FPSOs for the country within the next years — the FPSO Carioca MV30, the FPSO Guanabara MV31 and the FPSO Almirante Barroso MV32. These FPSOs will be deployed in the pre-salt of Santos Basin.
“It is our wish to continue to support the development of the local (Brazilian) oil and gas industry, either through mature fields like the Marlim revitalization project as well as green field projects in the pre-salt, amongst others,” Yuji Kozai, President and CEO of MODEC, said.
“MODEC began its operations in Brazil back in 2003, precisely in the Campos Basin. We are very honored to receive a new contract for the region,” Takashi Nishino, President and CEO of MODEC Brazil, commented.