SBM Receives LOI for Lease FPSO from Petrobras

Source: www.gulfoilandgas.com 8/11/2011, Location: South America

SBM Offshore N.V. is pleased to announce that one of its Affiliates and Queiroz Galvao Oleo e Gas S.A. (QGOG), have received two Letters Of Intent (LOI), one from Guara BV and one from BM-S-9 Consortium, established by the companies Petroleo Brasileiro S.A. Petrobras (Operator, 45%), Bg E&P Brasil Ltda (30%), and Repsol Sinopec Brasil S.A. (25%) for a twenty year charter and operation of an FPSO for the Guara Norte development in the pre-salt area, offshore Brazil.

The Guara Norte field is located in block BM-S-9 in the Santos basin at approximately 300 kilometres offshore and 2,300 metres water depth. The FPSO will include topside facilities to process 150,000 bpd of production fluids, associated gas treatment for 6,000,000 Sm3/d with compression and carbon dioxide removal, hydrogen sulphide removal, and a water injection facility for 180,000 bpd.

It is the intention that the unit will be owned and operated by a consortium in which SBM Offshore's shareholding will not be less than 49.5% and not exceed 62.25%. The project schedule foresees delivery of the FPSO in 35 months from LOI. The non-discounted total of the revenues payable under this contract to the consortium, excluding escalation and bonus, amounts to approximately US$ 4.5 billion.


Congo >>  8/5/2022 - EXMAR is pleased to announce that it has signed an Agreement with Eni for the sale of the TANGO FLNG.

TANGO FLNG floating liquefaction pla...

United Kingdom >>  8/4/2022 - Dagang NeXchange Berhad (DNeX), via its subsidiary Ping Petroleum UK PLC (Ping), has renamed its recently acquired Floating Production Storage and...

Guyana >>  8/2/2022 - KOTUG Guyana Inc. (100% local subsidiary of KOTUG International B.V.) has been awarded a second contract by Esso Exploration and Production Guyana Lim...
Angola >>  7/28/2022 - Yinson, through its subsidiary Yinson Acacia Ltd, through its subsidiary Yinson Acacia Ltd, has entered into an exclusivity agreement with bp Explorat...

France >>  7/26/2022 - Technip Energies Loading Systems will supply a Marine Loading Arm to TotalEnergies as part of the Floating Storage and Regasification Unit (FSRU) proj...
Norway >>  7/25/2022 - Seaway 7 is pleased to announce that it has taken delivery of a new semisubmersible heavy transport vessel. The company entered into a bareboat contra...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.