Petrobras Signs LOI with Modec for FPSO

Source: www.gulfoilandgas.com 10/29/2013, Location: South America

Petrobras, the operator for the BM-S-9 consortium, announces, together with its partners BG E&P Brasil and Repsol Sinopec Brasil, that the company’s affiliate Guara BV has signed on its behalf a letter of intent to charter, through Modec Inc. and Schahin Petroleo e Gas S.A., an FPSO (floating production, storage and offloading unit) for use in production development of the pre-salt layer in the Carioca area, part of the Santos Basin’s block BM-S-9.

The project provides for the initial connection of eight wells to the FPSO, four as producing wells and four for injection, with the possibility of subsequent additional wells. The Carioca area is expected to start producing in August 2016.

The platform will have a processing capacity of up to 100,000 barrels per day (bpd) of oil and 5 million m³/day of natural gas. The FPSO will be operated by the companies responsible for its construction and chartered to the BM-S-9 Consortium for a period of 20 years. The Carioca FPSO is scheduled to be delivered by June 2016.

The BM-S-9 Consortium is a partnership between Petrobras (the operator, with a 45% stake), BG E&P Brasil Ltda. (30%) and Repsol Sinopec Brasil S.A. (25%).

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


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

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