MODEC has signed a contract for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel with Brazil's Petrobras on 13 October 2017. The firm charter period of the contract 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 some 250km off the coast of Rio de Janeiro, Brazil at a water depth approximately 2200m.
MODEC is responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems. A MODEC group company, SOFEC, Inc. will design and supply the spread mooring system.
The FPSO will be capable of processing 180,000 b/d of crude oil 212 MMscf/d of gas, 240,000 b/d of water injection, and has storage capacity of 1.4 MMb/d of crude oil.
This is the 13th FPSO/FSO vessel that MODEC has provided in Brazil, as well as MODEC’s 6th FPSO in the pre-salt, following the FPSO Cidade de Angra dos Reis MV22, the FPSO Cidade de São Paulo MV23, the FPSO Cidade de Mangaratiba MV24, the FPSO Cidade de Itaguaí MV26 and the FPSO Cidade de Caraguatatuba MV27, which achieved the first oil production in December 2016.
The FPSO will be delivered with Brazilian local content, following the successful experience in the latest projects in the country.