NYK: Oil Production Starts at Third FPSO Unit
In July, a third floating production, storage, and offloading (FPSO) unit deployed by NYK for the BM-S-11 consortium** through a joint venture company started oil production in a pre-salt area off Brazil.
This FPSO unit, FPSO Cidade de Saquarema, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK (48.72 percent; head office: Tokyo; president: Tadaaki Naito) and the Mitsubishi Corporation (51.28 percent; head office: Tokyo; president & CEO: Takehiko Kakiuchi). The joint venture has a 20-year time charter contract with Petroleo Brasileiro S.A. (Petrobras) to operate the FSPO.
NYK will aim to further advance its expertise in the FPSO business by dispatching technical staff to this project as well as FPSO Cidade de Paraty.
Outline of FPSO
Oil processing capacity 150,000 barrels of oil per day
Gas processing capacity 6 million cubic meters per day
Oil storage capacity 1.6 million barrels
Water injection capabilities 200,000 barrels per day
Mooring type Spread mooring
August 2026
