MODEC, Inc., Japan’s world provider and operator of offshore floating platforms, has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Norway’s Equinor, to provide a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau (previously Carcará) area offshore Brazil.
MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in December 2018 and has now been chosen because the turnkey contractor based mostly upon its profitable execution of the Pre-FEED contract and its response to the next Invitation to Tender (ITT).
This contract is predicated on a two-step award. The FEED and pre-investment are beginning now, with an choice for the execution section beneath a lump sum turnkey contract setup which incorporates engineering, procurement, building and set up for your entire FPSO scopes. Option for the contract is topic to Equinor’s deliberate funding resolution for the Bacalhau undertaking late 2020.
The FPSO vessel will likely be deployed on the Bacalhau area, Block BM-S-Eight, situated within the large “pre-salt” area of the Santos Basin some 185 kilometers off the coast of the municipality of Ilhabela/SP, within the state of São Paulo. Equinor’s area companions are ExxonMobil (40%) and Petrogal Brasil (20 %)
MODEC will likely be accountable for the design and building of the FPSO, together with topsides processing gear in addition to hull and marine methods. The FPSO vessel will likely be completely moored at a water depth of roughly 2,050 meters by a variety mooring system to be equipped by MODEC group firm, SOFEC, Inc. First oil manufacturing is deliberate within the 2023-2024 timeframe.
The FPSO would be the largest FPSO ever delivered to Brazil. It may have a big topside designed to provide as much as 220,000 barrels of crude oil per day, produce and inject as much as 530 million commonplace cubic toes of related gasoline per day and inject as much as 200,000 barrels of seawater per day. Its minimal storage capability of crude oil will likely be 2,000,000 barrels.
The FPSO would be the second software of MODEC’s “M350 Hull”, a subsequent era new constructed hull for FPSOs, full double hull design, which has been developed to accommodate bigger topsides and bigger storage capability than standard VLCC tankers, with an extended design service life. The hull will likely be constructed by Dalian Shipbuilding Industry Co., in Dalian, China.
“We are extraordinarily honored and proud to have been chosen to supply a world class FPSO for Bacalhau undertaking which is Equinor’s first pre-salt undertaking in Brazil,” commented Yuji Kozai, President and CEO of MODEC.
FPSO will likely be MODEC’s 17th FPSO/FSO vessel in Brazil and MODEC’s ninth FPSO within the pre-salt area, in addition to MODEC’s first contract with Equinor.
(Source and picture: MODEC)
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