[Brazil] FPSO Cidade de Angra dos Reis MV22

Post Reply
escveritas
Site Admin
Posts: 3186
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

[Brazil] FPSO Cidade de Angra dos Reis MV22

Unread post by escveritas »

MODEC lands Tupi Pilot FPSO for Petrobras
Tokyo, Aug. 26, 2008

MODEC announced today that Petroleo Brasileiro S.A. (Petrobras) has signed a letter of intent for the supply, charter and operations of a Floating Production, Storage and Offloading (FPSO) vessel for the Pilot FPSO on the giant Tupi Area in the Santos Basin. The contract is for a 15 year lease with five one-year options.

MODEC is responsible for the engineering, procurement, construction, mobilization and operations for the FPSO, including topsides processing equipment, hull and marine system. SOFEC will design and provide the spread mooring.

MODEC will convert the VLCC "M/V Sunrise IV" into the FPSO Cidade de Angra dos Reis MV22. The FPSO will be capable of processing 100,000 barrels of oil per day or 150,000 barrels of total fluids per day, 150 million cubic feet per day of gas, and having a storage capacity of approximately 1,600,000 barrels. The FPSO will also be able to inject 100,000 barrels of water per day. The FPSO is planned to arrive in Brazil in the 4th quarter, 2010 and will be installed in 2,150 meters water depth. The FPSO is designed to remain on the field for up to 20 years.

This is the sixth vessel MODEC will provide and operate in Brazil. It is the first permanent FPSO to operate in the Tupi area. MODEC is currently operating the FPSO Fluminense and FPSO Cidade do Rio de Janeiro MV14 and the FSO Cidade de Macae MV15. The FPSO Cidade de Niteroi MV18 and FPSO Cidade de Santos MV20 are currently under construction and are scheduled to be installed in the fourth quarter of 2008 and 2009 respectively.

"This Pilot FPSO for the Tupi Area is of particular importance to us." says Kenji Yamada, President and CEO of MODEC, Inc. "We are proud of the confidence Petrobras obviously has in MODEC. We will deliver a quality FPSO on time and on budget."

The FPSO Cidade de Angra dos Reis MV22 will be deployed in the Tupi area and will initially gather production from 5 subsea wells with the capability to handle 4 additional production wells in the future.

Rick Hall, President of MODEC International, Inc., added, "The Tupi Pilot FPSO award represents a significant milestone for MODEC in assisting Petrobras and its partners to start to develop the vast pre-salt reserves of the Santos Basin. Along with the FPSO Cidade de Santos MV20, this will be MODEC's second unit for the developing Santos Basin."

Reference
escveritas
Site Admin
Posts: 3186
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] FPSO Cidade de Angra dos Reis MV22

Unread post by escveritas »

Participation in FPSO chartering for Petrobras' pre-salt area
Tokyo, Mar. 31, 2010

MODEC, Inc. (head office: Chiyoda-ku Tokyo; president: Nobuhiro Yaji), Mitsui & Co., Ltd. (head office: Chiyoda-ku, Tokyo; president: Masami Iijima), Mitsubishi Corporation (head office: Chiyoda-ku, Tokyo; president: Yorihiko Kojima) and Mitsui O.S.K. Lines (head office: Minato-ku, Tokyo; president: Akimitsu Ashida) have agreed to invest in the chartering of an FPSO (Floating Production, Storage & Offloading System) to the Brazilian national oil company (Petrobras). The facility is being supplied to Petrobras for use at the giant deepwater pre-salt oil field currently under development off the Brazilian coast.

Mitsui & Co., Ltd., Mitsubishi Corporation and Mitsui O.S.K. Lines finalized their capital investment in the Dutch company Tupi Pilot MV22 B.V. (hereinafter "MV22"), the subsidiary established by MODEC, Inc. to undertake this project. Further, on 30th March 2010, MV22 procured the financing for the project from the Japan Bank for International Cooperation and private Japanese banks and signed the loan agreement.

MODEC, Inc. has been converting an existing VLCC (Very Large Crude Carrier) tanker into an FPSO under the ownership of MV22 for charter to Petrobras. The FPSO is expected to be engaged in oil production for 15 years (with an annual extension option) at the pre-salt area oil field off the Brazilian coast and the operation will commence at Tupi area in the 4th quarter of 2010.

Off the Brazilian coast, the vast oil reserves lie beneath a layer of rock and salt at a depth of between 5,000 and 6,000 metres. It is estimated that more FPSOs will be required to fully develop the area. As the world's first attempt to develop oil deposited beneath a layer of rock and salt, the oil industry shows strong interest on the progress of this project.

Outline of FPSO
Oil processing capacity: 100,000 barrels of oil per day
Gas processing capacity: 150 million cubic feet per day
Oil storage capacity: approximately 1,600,000 barrels
Shareholders and investment stakes
MODEC, Inc. 42.5%
Mitsui & Co., Ltd. 27.5%
Mitsubishi Corporation 25.0%
Mitsui O.S.K. Lines, Ltd. 5.0%
escveritas
Site Admin
Posts: 3186
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] FPSO Cidade de Angra dos Reis MV22

Unread post by escveritas »

MODEC Announces Monumental Achievement for the FPSO Cidade de Angra dos Reis MV22
Tokyo, Dec. 21, 2010

On September 22, 2010, the MODEC FPSO Cidade de Angra dos Reis MV22 arrived at the Tupi field to begin offshore mooring and riser hookup. The arrival date was achieved approximately one month ahead of the contractual delivery date, with the first oil milestone impressively produced by the end of October. MODEC celebrated this monumental achievement from Brazil's first pre-salt commercial production facility with a visit from Brazilian President, Luiz Inacio Lula da Silva. This accomplishment, along with the continued operational success of MODEC's four existing FPSOs/FSOs leased to Petrobras, demonstrates the level of understanding, commitment, and attention to project execution that exemplifies the long-standing partnership between MODEC and Petrobras.

The Cidade de Angra dos Reis MV22 is moored in 2,149m of water in the Tupi field, Santos Basin. The vessel is capable of processing up to 100,000 barrels of oil per day and 5 million m3 of gas. The facility is designed for H2S and CO2 removal and is capable of reinjecting CO2 downhole at 550 bar in addition to exporting sales gas to shore. The FPSO will initially gather production from five subsea wells and has the ability to accommodate four additional production wells in the future.

Petrobras anticipates the need for additional FPSO systems to fully develop the region. MODEC looks forward to providing Petrobras with the same exemplary standard of project dedication and service, as demonstrated by this extraordinary P5 success rate, in future FPSO systems for the area.
escveritas
Site Admin
Posts: 3186
Joined: Sat Aug 29, 2020 5:40 am
Location: Singapore
Contact:
Singapore

Re: [Brazil] FPSO Cidade de Angra dos Reis MV22

Unread post by escveritas »

Post Reply

Return to “MODEC”

Who is online

Users browsing this forum: No registered users and 2 guests