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Petrobras and Modec have just signed a charter contract for an FPSO that will be built in Rio de Janeiro

Paulo Nogueira
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19-10-2017 16:44:31
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Petrobras and Modec have just signed a charter contract for an FPSO that will be built in Rio de Janeiro




This unit will be destined for the Sépia Field, in the pre-salt layer of the Santos Basin. Parts of the FPSO will be assembled in Brazil

[supsystic-social-sharing id='1′] Modec and Petrobras have just signed a contractual agreement to charter an FPSO-type offshore unit (it has the purpose of producing, storing, transferring oil and gas), which will be the Sépia Field, in the Santos Basin. According to the official note from Petrobras, which was submitted to the Securities and Exchange Commission (CVM), the project involves the simultaneous connection of 15 wells to the offshore unit, to which the forecast for the first production will be in 2021.

The FPSO will be allocated around 250 km of the country's coastline, at a depth of 2 km and 140 meters. Its capacity to process oil is 180,000 bpd and 6 million cubic meters of gas every day. This unit will be controlled by MODEC and chartered for up to 21 years in the Sépia asset. Part of the construction of this unit will be on national territory, in accordance with Petrobras' requirements and based on previous charters.

Brazilian naval market

The signing of this contract sets precedents for other projects to be built again in Brazil in the future. In the matter in which Petrobras claims that the taxes that the government imposes on oil companies that want to produce and generate jobs in Brazil are very high, it is reported that it is much more advantageous to build in China than in the country itself. Recently, the ANP released Petrobras from building offshore units in the country, which has been worrying the unions, which have been motivating protests across the country. Source: Petrobras

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Paulo Nogueira
With technical training, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.