[Brazil] FPSO Maria Quitéria

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escveritas
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[Brazil] FPSO Maria Quitéria

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Petrobras informed on 12th November 2021 that it has signed today a Letter of Intent with Yinson Production PTE Ltd. for the chartering and provision of FPSO services for the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the northern part of the Campos Basin.

The FPSO, which stands for floating production, storage and oil transfer unit, is scheduled to start production in the last quarter of 2024 and will be the new unit of the definitive system to be installed in the Jubarte field. The unit will have the capacity to process 100,000 barrels of oil and 5 million cubic meters of gas per day.

The charter and service contracts will have a duration of 22 years and 6 months, counted from the final acceptance of the unit.

The project foresees the interconnection of 17 wells to the FPSO, nine of them oil producers and eight water injectors, through a subsea infrastructure composed of flexible pipelines, electro-hydraulic umbilicals, and wet Christmas trees.

The Parque das Baleias area is formed by the Jubarte, Baleia Anã, Cachalote, Caxaréu, Pirambú and Mangangá fields. The first field, Jubarte, was discovered in 2001. In 2019, Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) entered into an agreement on the extension of the concession term until 2056 of the new unified Jubarte field, which makes it feasible to implement the new production system of the Parque das Baleias Integrated Project, in addition to complementary projects in the area. Currently, four platforms are in operation: P-57, P-58, FPSO Cidade de Anchieta, and FPSO Capixaba, the latter scheduled to be in operation only until 2022.

Yinson currently has 1 FPSO under construction for Petrobras at COSCO Nantong shipyard approaching completion. FPSO Anna Nery is bound for Marlim Sul field commencing 2023.

#petrobras #yinson #brazil #fpso #EPC #shipyard #upstream #energy #offshore #oilandgas #oilandgasindustry #oilandgasworld #petroleum
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Re: [Brazil] Parque das Baleias - FPSO Maria Quitéria

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Yinson has secured 2 LoIs from Petrobras, the FPSO contractor said today, to supply an FPSO to the Brazilian Oil Giant and to render operations and maintenance services for the Integrated Parque de Baleias FPSO, to be delivered in the last quarter of 2024. Yinson have not said if the FPSO will be a newbuilt or conversion, but judging from the delivery timeline which is only about 3 years away, and the fact that Yinson currently have 1 FPSO under conversion for Petrobras too at a Chinese shipyard, this second Brazilian's FPSO looks increasingly likely to be a converted FPSO from oil tanker.

FPSO Anna Nery, which is Yinson's first FPSO in the Brazil market is currently undergoing construction at COSCO Nantong yard in China, has a contract value of USD 5.4 Billion while the Parque de Baleias FPSO have a contract value slightly lesser at USD 5.2 Billion. The former have a higher contract value despite having the smaller processing capacity of USD 70,000 bbl per day compared to the larger Parque de Baleias FPSO which will have a designed processing capacity of 100,000 bbl per day.

Yinson have not disclosed which yard will be chosen as the EPC yard for this project, but it looks increasingly likely to be in a Chinese shipyard.
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Re: [Brazil] Parque das Baleias - FPSO Maria Quitéria

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KONGSBERG TO DELIVER INNOVATIVE ELECTRICAL AND CONTROL TECHNOLOGIES TO YINSON FOR FPSO PROJECT

Kongsberg Maritime (KM) is pleased to announce that it has signed an Engineering, Procurement and Construction (EPC) agreement with the global offshore production contractor Yinson for the supply of an integrated suite of electrical and control equipment for a floating production storage and offloading (FPSO) vessel currently under conversion.

The contract scope covers KONGSBERG’s E-house, electrical, control, safeguarding and telecommunication equipment solutions, and also includes service support on board the Maria Quitéria FPSO owned by Yinson.

FPSO Maria Quitéria is on schedule to commence work in 2024 at the Jubarte field, part of Parque de Baleias area in the North Campos Basin, Espirito Santo Statein the waters off Brazil, for field operator Petrobras. The vessel is Yinson's second project award with Petrobras and its third project award in Brazil, in line with the group's plans to expand its presence in this high-growth country.

KONGSBERG will utilize its experience as an EIT (Engineering and Information Technology) EPC contractor working alongside Yinson to enable both organizations to leverage their dedicated and professional people to work together effectively as one team.

“Yinson is committed to doing our part to improve global access to affordable, reliable energy through our position as a top tier FPSO contractor,” says Noel Denton, Yinson Project Manager. “We are bringing our extensive knowledge and experience into the FPSO Maria Quitéria project and are eager to again have Kongsberg Maritime working together with us and the other contractors to achieve yet another successful project.”

“We are building on our strong position for delivering integrated solutions for control and safeguarding, telecommunications and electrical packages for all seagoing and offshore installations,” adds Egil Haugsdal, President, Kongsberg Maritime. “Maria Quitéria will join a fleet of more than 30,000 KONGSBERG-supported vessel installations worldwide. KONGSBERG is pleased to demonstrate its capabilities once again in this market and will be calling upon its technologies and proven business systems to ensure the ongoing success of this project, which has an estimated lifecycle of 25 to 30 years.”
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Re: [Brazil] Integrado Parque das Baleias - FPSO Maria Quitéria

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Longitude Completes Engineering Base Scope On FPSO Conversion

Longitude Engineering has completed its engineering base scope for Yinson’s vessel conversion of an FPSO destined for Brazil, including naval architecture, structural engineering and hydrodynamic analysis.
“The FPSO in question is a significant conversion project for Yinson standing as its biggest project to date and its first charter to Brazil. With Longitude’s roots in naval architecture and structural design work for marine assets and vessels, we have successfully completed vessel stability, motion and green water assessment, structural design of hull modification, major equipment foundation, helideck, laydown topsides and its integration. It was an honour to have the opportunity to support our client Yinson in this important and technically multi-faceted project.”

Leon Hu, Engineering Director, Longitude Singapore
The FPSO is a spread-moored FPSO (floating, production, storage and offloading vessel) with a storage capacity of 1.6 million barrels – Yinson’s largest project to date.

The FPSO – co-owned by Malaysian Yinson and Japanese Sumitomo – is being converted from a 2002-built VLCC crude oil tanker to an FPSO.

Under the terms of the contract, Longitude Engineering will continue finalising its deliverables until the end of 2022, including conducting trials and delivering the final stability booklet.

Once completed, the FPSO will be installed offshore Brazil, in the Campos Basin, 150km off the coast of Rio de Janeiro.

Longitude Engineering, part of Oslo-listed AqualisBraemar LOC Group (ABL Group), provides independent engineering, design and analysis services, specialising in marine and vessel design, conversion and upgrade, and marine operations engineering. The company serves the renewables, maritime, defence, oil and gas and infrastructure industries.

On 11 November 2021, Longitude Engineering announced that it had entered into an agreement to acquire the UK operations of OSD-IMT – a specialist consultancy in ship design for newbuild, refit and conversion projects for renewables, maritime, defence and oil & gas sectors – further enhancing its portfolio and niche in ship design.
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Re: [Brazil] Integrado Parque das Baleias - FPSO Maria Quitéria

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MAN technology to supply compressor for offshore gas production platform in Brazil



MAN Energy Solutions has received an order to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil.

Yinson, a global energy solution provider headquartered in Kuala Lumpur (Malaysia), has commissioned MAN Energy Solutions to provide five centrifugal compressor trains for gas production and export. For the same FPSO asset (floating production storage and offloading), MAN is also supplying two screw compressor trains, which will be used as gas recovery systems.

All compressor trains will be deployed on the FPSO Maria Quitéria (previously called FPSO Integrado Parque das Baleias "IPB"), which is situated around 80 kilometers off the coast of Anchieta (Espírito Santo, Brazil) at the Jubarte Field in the northern Campos Basin. The field is operated by Petrobas and lies at a water depth of approximately 1300 meters. Once ready for operation at the end of 2024, the FPSO will have a production capacity of 100,000 barrels of oil and five million Sm3 of gas per day.

Basil Zweifel, Senior Vice President, Sales & Project Management at MAN Energy Solutions, states as follows: "We are proud that Yinson has once again placed its trust in our technology and expertise. As with FPSO Anna Nery, our first joint large-scale offshore project in Brazil, MAN will supply the complete compressor technology solution for the new FPSO Maria Quitéria. We have been able to prove the capabilities of our energy-efficient, reliable and flexible technology solutions in recent years through numerous FPSO projects in Asia, Central and South America as well as Western Africa. We are now looking forward to the opportunity to work again with Yinson on this major project for Brazil’s energy market.”

MAN Energy Solutions' scope of supply comprises three radial compressor trains type RB 45 as low-pressure systems and two type RB 28 as high-pressure systems, each driven by an electric motor. The machines will be utilized for both gas exporting and gas lifting applications in order to maximize the flow rate and efficiency of the gas production.

The two SKUEL321/CP200 screw compressor trains will be driven by electric motors and used as vapor recovery units. The resulting flash gas is pressurized by the screw compressors and fed back into the process rather than being flared. This process not only increases the efficiency of the gas production, but also significantly reduces its CO2 emissions.
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Re: [Brazil] Integrado Parque das Baleias - FPSO Maria Quitéria

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Seasystems wins yet another mooring contract

Scana-owned Seasystems has signed a contract for the delivery of yet another anchoring system to an FPSO project in Brazil.

This is a substantial (1) contract for Scana, with a value of more than NOK 50 million. The delivery consists of mooring equipment such as dual axis chain stoppers, chain handling systems and winches. The FPSO will be rebuilt. Integration of the mooring system will be conducted at a yard in Dubai. For Seasystems, the project starts at once and will be delivered in the second quarter of 2023.

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“Our mooring solutions are in demand. This is shown both in the strong order intake we have experienced so far this year and in the many inquiries we receive for new deliveries,” Styrk Bekkenes, CEO of Scana, says.

Mooring systems is Seasystems’ main focus area, and over the last ten years the company has delivered more than ten major systems to customers within the traditional oil and gas market, as well as growing markets like the LNG industry, aquaculture and floating offshore wind.

“Seasystems has worked systematically to develop hardy and cost-effective mooring solutions, and we now see good results from this work,” Torkjell Lisland, MD at Seasystems, states.
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Re: [Brazil] Integrado Parque das Baleias - FPSO Maria Quitéria

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VME awarded contract to support Yinson with FPSO Maria Quitéria

July 18, 2022

VME Process Pte Ltd has been awarded by Yinson Bergenia Production B.V. for the supply of 9 process modules and 2 skids for the FPSO Maria Quitéria, Integrado Parque das Baleias Development Project.

“The Maria Quitéria is a great project and we’re excited to be a part of it,” said Chad Tomlinson, Vice President Business Development. “Our global footprint allows us to serve customers like Yinson all over the world.”

The Maria Quitéria FPSO is planned to be located in the Jubarte field, North Campos Basin, where the water depth is up to 1400 meters.

It will accommodate a process plant able to produce 100,000 bbl/d maximum of crude oil, 5,000,000 Sm3/d of gas treatment and compression and 1,000,000 bbl minimum of crude oil storage.

VME’s scope of works includes process design, guarantee, fabrication, inspection and testing, class certification and Brazilian regulatory compliance of a series of modules including Oil Separation, Produced and Sea Water Treatment and Injection, Gas Treatment and Compression.
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Re: [Brazil] Integrado Parque das Baleias - FPSO Maria Quitéria

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Yinson secures USD720 million mini perm financing for FPSO Maria Quitéria

Posted Date: 06 Oct, 2022

Yinson Holdings Berhad, through its indirect wholly owned Netherlands-based subsidiary Yinson Bergenia Production B.V. ("YBPBV"), has entered into a USD720 million syndicated loan facility (“Facility”) for the FPSO Maria Quitéria project, with ING Bank N.V., Singapore Branch, Maybank Group, Natixis Corporate & Investment Banking, Standard Chartered Bank (Singapore) Limited and United Overseas Bank Limited as Mandated Lead Arrangers, Underwriters and Bookrunners. The agreement was also signed by the Hongkong and Shanghai Banking Corporation Limited and J.P. Morgan who are participating as Mandated Lead Arrangers.

The 6-year limited recourse loan will be used to support the ongoing construction of FPSO Maria Quitéria, a floating, production, storage and offloading (“FPSO”) project awarded to Yinson by Petróleo Brasileiro S.A. ("Petrobras") in November 2021.

Yinson Group Chief Strategy Officer Daniel Bong said that the deal was a testament of the robustness of the Group’s business strategy.

“The FPSO financing space has been very competitive, as many postponed oil & gas developments have resumed post pandemic and investor appetites have evolved with energy transition agendas. Thus, the success of this deal is remarkable, assuring us that our robust business model and proven capabilities have earned the confidence of our stakeholders,” he said.

Daniel also acknowledged that the Group’s long-standing strong relationships with its relationship banks were instrumental to this success. “We have worked hard to build an environment of trust and honest communication to help our investor community understand our business better and appreciate our resilience. These relationships are highly valued, and the key to the success of our capital raising initiatives over the years.”

Yinson Chief Executive Officer of Offshore Production Flemming Grønnegaard said that the project team’s excellent track record of asset delivery, safety and operations was crucial in cementing the support of the banks for the Facility.

“This is the second asset that we are delivering for Petrobras. The first asset has been able to meet the project schedule thus far and is on track for first oil in early 2023, despite the significant challenges brought about by the pandemic. On top of that, thanks to the continuing efforts of our projects team and support from our client, financiers, contractors and subcontractors, the construction of FPSO Maria Quitéria is progressing according to schedule,” he said.


FPSO Maria Quitéria is destined for the Jubarte field for the Parque das Baleias Integrated Project, located in the northern part of the Campos Basin (offshore Brazil).
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Re: [Brazil] FPSO Maria Quitéria

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VME’s engineering, procurement and fabrication of topsides process modules for Yinson’s Maria Quitéria FPSO proceeds towards completion

VME continues with the EPC supply of supply of 9 process modules and 2 skids for Yinson’s Maria Quitéria FPSO, Integrado Parque das Baleias Development Project. Modules include crude oil separation, produced water treatment and chemical treatment, gas dehydration, sweetening and flare, gas and vapor recovery compression, sea water treatment and injection, flare knockout modules. Additional skids are also being supplied, including amine and closed drains.

“It is wonderful being part of the Maria Quitéria FPSO project,” said Daevid Yeo, VME Project Manager. “I am very proud of the VME team as we move towards the completion of these modules, especially handling the project execution difficulties that Covid presented and project safety performance of ZERO LTIR to date.”

The Maria Quitéria FPSO is planned to be located in the Jubarte field, North Campos Basin off the coast of Brazil, where the water depth is up to 1,400 meters.

It will accommodate a process plant able to produce 100,000 bbl/d maximum of crude oil, 5,000,000 Sm3/d of gas treatment and compression and 1,000,000 bbl minimum of crude oil storage.
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Re: [Brazil] FPSO Maria Quitéria

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YINSON PRODUCTION SECURES USD230 MILLION FINANCING IN RELATION TO FPSO MARIA QUITÉRIA

SINGAPORE, 7 AUGUST 2023

Yinson Production has secured a USD230 million term loan facility in relation to FPSO Maria Quitéria. The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager with approximately USD100 billion in assets under management.

This loan facility marks the first transaction between Yinson Production and GIP and is GIP’s first financing of a floating, production, storage, and offloading (“FPSO”) vessel. The transaction demonstrates the attractiveness and robust investment outlook of the FPSO industry within the global energy infrastructure market, as well as Yinson Production as a leading independent owner and operator of FPSOs worldwide.

Yinson Production was awarded the supply, operation, and maintenance of FPSO Maria Quitéria by Petróleo Brasileiro S.A. in February 2022. The FPSO is destined for the Jubarte field as part of the Parque das Baleias Integrated Project offshore Brazil. The construction of the FPSO is nearing 70% completion as of June 2023, which is in line with the project schedule and the FPSO is on track to achieve first oil in the second half of 2024.

Commenting on the successful closing of the loan facility, Yinson Production Chief Financial Officer, Mr. Markus Wenker said, “We are very pleased to have completed this transaction and thank GIP and its partners for their trust in us. This transaction showcases the strength of Yinson Production in attracting highly sophisticated capital and its ability to broaden its funding base beyond Asia. We are excited to continue building upon this partnership and further growing our network of lenders and investors globally to pivot to new opportunities in the FPSO market and create value for our shareholders.”

“We are proud to partner with Yinson Production in connection with this financing for FPSO Maria Quitéria,” said GIP Credit Managing Director, Jon Plavnick. “This transaction highlights GIP Credit’s ability to provide a reliable and flexible capital solution for FPSO Maria Quitéria during both its conversion process in Shanghai and its eventual time charter operations in Brazil. We believe this investment further demonstrates GIP’s ability to provide customised capital solutions to top-tier infrastructure companies globally.”

GIP was joined in funding of the loan by other investors, including Gramercy Funds Management.
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