Modec and Schahin bag tenth FPSO contract with Petrobras

Submitted by Paddy Harris on Tue, 2014-12-02 11:02

02nd December 2014

Modec has announced that the company and its Brazilian partner Schahin Group have been awarded a contract for supply, charter, and operations of a floating, production, storage, and offloading (FPSO) vessel for the BM‐C‐36 block (Tartaruga Verde and Tartaruga Mestica fields) in the Campos Basin by Petrobras

Moded and Schahin bag tenth FPSO contract with Petrobras

The FPSO delivery is scheduled in the third quarter of 2017. Source: Modec

"We are very honoured 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.

The FPSO will be deployed at Tartaruga Verde and Tartaruga Mestica fields in the BM‐C‐36 block in the Campos Basin in water depth of 765 metres.

The BM‐C‐36 block is 100 per cent‐owned by Petrobras.

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, 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, 200,000 barrels of water injection per day and has storage capacity of about 1,600,000 barrels of crude oil.

The FPSO delivery is scheduled in the third quarter of 2017.

“We are committed to carry out the project along with Schahin Group in order to contribute to the foundation for the development of energy industries in Brazil,” added Miyazaki