[Brazil] Raia FPSO (BM-C-33)

[escveritas]

MODEC Awarded Contract by Equinor to Supply the 2nd FPSO in Brazil
Jun. 5, 2023

MODEC, Inc. ("MODEC") is pleased to announce that it has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltd, a subsidiary of Equinor ASA ("Equinor"), to supply a Floating Production, Storage and Offloading (FPSO) vessel to produce the field cluster of Pao de Acucar, Seat & Gavea in the BM-C-33 block of the Campos Basin offshore Brazil. The FPSO is one of the most complex facilities in MODEC’s history, handling large volumes of exported gas with a major focus on GHG emissions reduction.

The SPA is a two-phase lump sum turnkey contract covering both Front End Engineering Design (FEED) and Engineering, Procurement, Construction and Installation (EPCI) for the entire FPSO. As Equinor and partners announced the Final Investment Decision (FID) on May 8,2023 after the completion of the FEED which had started on April 2022, MODEC has now been awarded phase 2 of the contract for EPCI of the FPSO. MODEC will also provide Equinor with operations and maintenance service of the FPSO for the first year from its first oil production, after which Equinor plans to operate the FPSO.

The FPSO vessel will be deployed at the field, located in the giant "pre-salt" region at the southern part of Campos Basin, approximately 200 kilometers off the coast of Rio de Janeiro, and permanently moored at a water depth of approximately 2,900 meters. The spread mooring system will be supplied by MODEC group company, SOFEC, Inc. Equinor's field partners are Repsol Sinopec Brazil (35%) and Petrobras (30%). The FPSO delivery is expected in 2027.

MODEC will be responsible for the design and construction of the FPSO, including topsides processing equipment and hull marine systems. The FPSO will have topsides designed to produce approximately 125,000 barrels of crude oil per day as well as produce and export approximately 565 million standard cubic feet of associated gas per day. Its minimum storage capacity of crude oil will be 2,000,000 barrels.

The FPSO will apply MODEC’s new build, full double hull design, developed to accommodate larger topsides and larger storage capacity than conventional VLCC tankers, with a longer design service life.

Taking advantage of this larger topside space, this FPSO will be the second fully electrified FPSO equipped with Combined Cycle System for Power Generation which significantly reduces carbon emission compared with conventional Gas Turbine driven systems.

“We are extremely honored and proud to be selected to provide an FPSO for the BM-C-33 project,” commented Takeshi Kanamori, President and CEO of MODEC. “We are equally proud of the confidence Equinor obviously has in MODEC. We believe this award represents a strong relationship of trust between us built upon the ongoing Bacalhau FPSO project as well as our robust track record in the pre-salt region. We look forward to cooperating closely with Equinor and partners to make this project a success.”

The FPSO will be 18th FPSO/FSO vessel and 10th FPSO in the pre-salt region delivered by MODEC in Brazil.

[escveritas]

REMAZEL ENGINEERING has been awarded a contract by MODEC to supply the complete MOORING TENSIONING SYSTEM for their new-build BM-C-33 FPSO in Brazil.

The mooring system package will be mainly composed by no. 4 Chain Jacks, no. 24 permanent Chain Stoppers and no. 4 Chain Handling Systems. The latter, will be remotely controlled.

“The trust that MODEC is showing us by giving the possibility to contribute to their new FPSO project is the most valuable thing. Then, with this opportunity, we are strengthening even more our presence in Brazil, where we already equipped more than 15 FPSO vessels. This step forward makes us believe even more in our development project in the area.” Andrea Rosa, CEO of Remazel Engineering.

[escveritas]

Seatrium Secures FPSO Topside Modules Fabrication Contract From MODEC

Singapore, 4 December 2023 – BrasFELS Shipyard (BrasFELS), a member of the Seatrium Group, is pleased to announce it has secured a contract from Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a Floating Production Storage and Offloading (FPSO) for the Raia project in Brazil, operated by Equinor on behalf of the Consortium in the Raia project.

The latest win marks the eighth project collaboration between BrasFELS and MODEC, reflecting the long-standing partnership the two organisations have enjoyed for more than a decade.

Mr Marlin Khiew, Executive Vice President, Oil & Gas (Americas), Seatrium said, "We are pleased to partner with MODEC on yet another FPSO topside modules fabrication project, affirming Seatrium’s position as a leading global player in FPSO newbuilds and conversions. Over the years, we have leveraged our deep engineering expertise, international yard footprint and strong track record to deliver over 260 Floating Production Unit (FPU) and FPSO conversions & newbuilds, solidifying our market leadership in this product segment.”

BrasFELS’ scope of work for the FPSO Raia comprises the fabrication of three modules: vapor recovery unit/ flare knockout (VRU/ FLARE KO); oil separation and stabilisation; and the flowline circulation and metering and utility systems. The project will be undertaken by Seatrium’s BrasFELS shipyard located in Angra dos Reis, Rio de Janeiro, Brazil, and is expected to commence work in the first quarter of 2024.

When completed, FPSO Raia will have the capacity to process 126,000 barrels of oil per day (bopd) and 16 million cubic meters of gas per day, with a storage capacity of two million barrels of crude oil. The FPSO will be deployed in the giant “pre-salt” area at the southern part of Campos Basin, approximately 200 kilometers off the coast of Rio de Janeiro, Brazil.

The first project between BrasFELS and MODEC was the fabrication and integration of topside modules for FPSO Cidade de Sao Paulo, back in February 2011.

[escveritas]

MAN Energy Solutions lands major compressor order for FPSO vessel

Eleven compressor trains bound for Brazilian FPSO (Floating Production Storage and Offloading) vessel



Offshore Frontier Solutions Pte. Ltd., a MODEC Group company, has commissioned MAN Energy Solutions with the delivery of eleven RB-type compressor trains. The order’s substantial value marks it as the largest single order ever received at MAN Energy Solutions Switzerland.

The compressor trains will be installed on an FPSO vessel for the Raia project, in the Campos Basin, approximately 200 kilometers off the coast of Rio de Janeiro. Equinor, in partnership with Repsol Sinopec Brasil and Petrobras, will operate the FPSO, which is expected to produce up to 126,000 barrels of crude oil per day, and produce and export up to 16 million cubic meters of gas per day. The reservoir, located at a depth of around 2,900 meters, is estimated to contain more than one billion barrels of oil equivalent.

The MAN compression systems, once operational, will help maintain field pressure, thereby maximizing the quantity and efficiency of gas production. First production is expected in 2028.

“We are proud to support the further development of Brazil’s energy industry with this important, large-scale project. With MODEC, we share a solid history of successful FPSO projects around the globe, and we look forward to continuing this excellent collaboration,” stated Basil Zweifel, Head of Sales & Project Management, Up- & Midstream at MAN Energy Solutions. “Meeting the stringent CO2 reduction goals for this project in the challenging deep-water environmental conditions requires a high degree of flexibility and efficiency. Our comprehensive, technical expertise and the unrivaled reliability of our compressor systems play a decisive role in reaching these targets.”

MAN Energy Solutions’ scope of supply for the FPSO's gas lift, injection and export application includes eleven electrically-driven centrifugal-compression trains, deployed as follows:

• two trains with type RB 28-6+3 compressors as overhead units

• two trains with type RB 45-4+5 compressors as low-pressure units

• five trains with type RB 28-5 compressors as medium- and high-pressure units

• two trains with type RB 28-8 compressors as gas injection units

The overhead and gas injection compressor units will be driven by fixed-speed electrical motors, whereas the high- and low-pressure units will be equipped with variable frequency drives. Additionally, the two medium-pressure compressor units will feature a special switch control system, enabling operators to choose between fixed speed and VFD operation according to their requirements. The delivery of the compressor trains is scheduled for the fourth quarter of 2024 and the first quarter of 2025.