Petrobras takes MODEC FPSO for Tartaruga fields
- Business & Finance
MODEC, Inc. and its Brazilian partner Schahin Group will deliver a Floating, Production, Storage, and Offloading (FPSO) vessel for Petrobras’ Tartaruga Verde and Tartaruga Mestica fields in the Campos Basin, offshore Brazil.
The FPSO will be deployed at the Petrobras owned BM‐ C‐36 block in water depth of 765 meters.
Offshore Energy Today previously reported that three companies were in a race to win a Tartaruga Verde FPSO contract award from Petrobras. The companies in question were Dutch SBM Offshore, Japan’s MODEC and Norwegian BW Offshore. However, SBM Offshore pulled out of the race due to an investigation into a potential bribery case in Brazil.
Under the contract, MODEC and Schahin Group are responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems. SOFEC, Inc., a subsidiary of MODEC, will design and supply the spread mooring system.
The FPSO will be capable of processing 150,000 barrels of crude oil per day, 176 million standard cubic feet of gas per day, 200,00 00 barrels of water injection per day and will have a storage capacity of about 1,600,000 barrels of crude oil. The FPSO is expected to be delivered in the third quarter of 2017.
“We are very honored to be awarded the memorable 10th FPSO/FSO vessel from Petrobras, as well as MODEC’s 12th unit in Brazil,” said Toshiro Miyazaki, President and CEO of MODEC.
“We are committed to carry out t the project along with Schahin Group in order to coontribute to the foundation for the development of energy y industries in Brazil.”
Offshore Energy Today Staff