Petrobras signs 21-year FPSO deal

MODEC has signed a contract for the supply, charter and operations of a floating production storage and offloading (FPSO) vessel with Petróleo Brasileiro (Petrobras). The charter period is 21 years.

The FPSO will be deployed at the Sépia field operated by Petrobras, located in the pre-salt region of the Santos Basin, 250 kilometres off the coast of Rio de Janeiro, Brazil at a water depth of about 2,200 metres.

MODEC is responsible for the engineering, procurement, construction, mobilisation, installation and operation of the FPSO, including topsides processing equipment and hull and marine systems.

A MODEC Group company, SOFEC, will design and supply the spread mooring system.

The FPSO will be capable of processing 180,000 barrels of crude oil per day, six million cubic metres of gas per day, 240,000 barrels of water injection per day and has storage capacity of 1,400,000 barrels of crude oil.

The platform will have part of its construction carried out in Brazil.