Brazil's Petrobras to Select Topside Module Integration Contractors for Two FPSOs

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Researched by Industrial Info Resources (Cordoba, Argentina)--Petroleo Brasileiro S.A. (NYSE:PBR) (Petrobras) (Rio de Janeiro), Brazil's state-owned oil company, expects to select two companies in July 2014 to perform topside module integration at two planned offshore floating production storage and offloading vessels (FPSO), called P-72 and P-73.

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Both FPSO vessels are part of Petrobras' Replicating Offshore Platforms Project, which consists of eight platforms with the same capabilities and features. The platforms will be installed between 2016 and 2018 in various offshore crude oil and natural gas production fields in the Santos Basin, under the subsalt layer. Petrobras named the platforms P-66, P-67, P-68, P-69, P-70, P-71, P-72 and P-73.

The company that is responsible for the construction of the eight FPSO hulls is Engevix Construcoes Oceanica S.A. (Ecovix) (Rio de Janeiro), with a $3.5 billion contract signed with Petrobras in 2012. Construction is being performed in the Ecovix Shipyard in Rio Grande, Brazil. However, if necessary, some of this work could be transferred to other shipyards.

Petrobras selected Keppel FELS Brasil S.A. (Rio de Janeiro) to perform the module integrations on the P-66 and P-69 platforms. For P-67 and P-70, Petrobras selected Consorcio Integra Offshore (Rio de Janeiro), a joint venture between Mendes Junior S.A. (Belo Horizonte, Brazil) (51%) and OSX S.A. (Rio de Janeiro) (49%). For P-68 and P-71, Petrobras selected Estaleiro Jurong Ltda (Rio de Janeiro).

Two of the three companies mentioned are expected to be selected for the module integrations on P-72 and P-73.

The total investment value of the topsides modules construction and integration for the eight FPSOs is about $4.5 billion.

Each platform will have a production capacity of 150,000 barrels per day (BBL/d), with 211 standard cubic feet per day of natural gas and a crude oil storage capacity of 1.6 million barrels. Each vessel will be powered by four 25-megawatt, natural gas-fired, RB211 Rolls Royce aeroderivative turbines with WEG electric generators.

The eight replicating platforms are set to be located at the Iara and Lula offshore production fields, which are in the BM-S-11 block, conceded by Petrobras (65%), BG Group plc (Reading, England) (25%) and Petrogal (Lisbon, Portugal) (10%).

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