MODEC FPSO Achieves First off Brazil
today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract. The FPSO is chartered by Tupi B.V., a subsidiary of Petroleo Brasileiro S.A. (Petrobras), under a 20-year lease and operation contract. Moored 240 kilometers off the coast of Rio de Jeneiro at a water depth of around 2,240 meters, the FPSO is capable of processing 150,000 barrels of oil per day and 280 MM standard
SBM Offshore Completes $1.55 bln FPSO Financing
;leo e Gás S.A. (5 percent). The vessel has processing capacity of up to 150,000 barrels of crude oil and 6 million cubic meters of gas per day, and storage capacity of approximately 1.6 million barrels of crude oil. The joint venture will own and operate the vessel on a 20-year charter service for Tupi B.V. Combined with the $1.45 billion project financing of FPSO Cidade de Maricá in July 2014, today's announcement culminates the successful financing of $3 billion for two sister units destined for the Lula field in the pre-salt province offshore Brazil. BM-S-11 block is under
Technip to Supply Flexible Pipes for Lula Alto Pre-salt Field
Technip was awarded a major(1) contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil. This contract covers the supply of around 200 kilometers of flexible pipes and associated equipment, including gas lift, gas and water injection, gas export and production lines. These high technological flexible pipes are designed to meet pre-salt challenges with water depths of up to 2,500 meters and high pressures. Technip’s operating
FPSO Charter & Operation Contract for SBM Offshore
SBM Offshore has received a Letter of Intent (LOI) for the 20-year charter & operation of two FPSOs from BM-S-11 subsidiary Tupi BV. The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil. BM-S-11 block is under concession to a consortium comprised of PETROBRAS (65%), BG E&P Brasil Ltda. (25%), and Petrogal Brasil S.A.(10%). The FPSOs will be owned and operated by a Joint Venture company owned by SBM Offshore with other partners including Queiroz Galvão Óleo e Gás S.A.(QGOG). SBM Offshore will be in charge of the construction of the
FPSO Chartering Project for Brazilian Offshore Field
will involve the conversion of a VLCC (very large crude oil carrier), which will be renamed “FPSO Cidade de ITAGUAÍ MV26” upon its completion. It will be deployed to the Iracema Norte area of the BM-S-11 block off the coast of Brazil in the fourth quarter of 2015, and will be chartered to Tupi B.V. for 20 years under this chartering agreement signed in February 2013. The area is part of a deepwater oil field located approximately 300 km south of Rio de Janeiro, Brazil. The oil is contained in the pre-salt layer approximately 5,000 m beneath the seabed MODEC and Mitsui have already
February 2024
