[Brazil] BM-C-33 - Pão de Açúcar (Raia FPSO)

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escveritas
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[Brazil] BM-C-33 - Pão de Açúcar (Raia FPSO)

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Partners have chosen concept for BM-C-33 project in Brazil

March 18, 2021

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Equinor, together with license partners Repsol Sinopec Brasil and Petrobras, have approved the development concept for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil.

“BM-C-33 is a key project in our portfolio and concept select is an important milestone in our effort to mature the project. It is important to further optimise and improve the project business case to make it more robust for future market,” says Geir Tungesvik, Equinor’s senior vice president for projects.

The well streams will be sent to a floating production, storage and offloading unit (FPSO) located at the field. Gas and oil/condensate will both be processed at the FPSO to sales specifications and exported. Crude will be offloaded by shuttle tankers and shipped to the international market after ship-to-ship transfer. A new-build hull has been selected to accommodate for 30 years lifetime of the field.

The gas export solution is based on an integrated offshore gas pipeline from the FPSO to a new dedicated onshore gas receiving facility inside the Petrobras TECAB site at Cabiúnas, before connecting to the domestic gas transmission network.

"BM-C-33 holds substantial volumes of gas. A completion of the ongoing liberalization of the natural gas market in Brazil in line with the current plan, is key for the further development of the project. BM-C-33 is an asset that can generate value for the society, both through the creation of direct and indirect jobs, ripple effects, and through a gas supply that can induce industrial growth, as has happened in other countries”, says Veronica Coelho, Equinor’s country manager in Brazil.

Gas export capacity is planned for 16 Mm3/day with average exports expected to be 14 Mm3/day, which represents a significant volume based on current Brazilian gas demand. Daily oil processing capacity is of 20,000 m3.

The concept select is a conclusion of a technical and commercial assessment of various developing concepts and landfalls. The chosen concept provides the most robust solution to develop the BM- C-33 project and gas value chain.

Details on project timeline towards next decision gates and start of production are still to be concluded.
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Re: [Brazil] BM-C-33 - Pão de Açúcar

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TechnipFMC Awarded Integrated FEED (iFEED™) Contract by Equinor for BM-C-33 Project in Brazil

NEWCASTLE & HOUSTON, July 5, 2022 — TechnipFMC (NYSE: FTI) has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA (Equinor), for an integrated Front End Engineering and Design (iFEED™) study on its BM-C-33 project offshore Brazil.

The study will finalize the technical solution for the proposed gas and condensate greenfield development in the pre-salt Campos Basin before Equinor makes its final investment decision (FID).

The FEED study includes an option to proceed with a direct award to TechnipFMC for the integrated Engineering, Procurement, Construction and Installation (iEPCI™) phase of the project.

The major(1) iEPCI™ contract would cover the entire subsea system, including Subsea 2.0™ tree systems, manifolds, jumpers, rigid risers and flowlines, umbilicals, pipeline end terminations, and subsea distribution and topside control equipment. TechnipFMC would also be responsible for life-of-field services.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “We are excited about this iFEED™ award, which demonstrates our collaborative relationship with Equinor and their continued confidence in our technologies and integrated approach. This integrated project will be the first time Equinor uses our Subsea 2.0™ configure-to-order production systems, of which we’re seeing increased customer adoption.”

(1)For TechnipFMC, a “major” contract is over $1.0 billion. Order inbound for the iEPCI™ phase of the project remains subject to FID and contract approval.
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Re: [Brazil] BM-C-33 - Pão de Açúcar

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Equinor and partners announce final investment decision for BM-C-33, in Brazil

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Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately USD 9 billion.

Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels of oil equivalent.

The concept selected for BM-C-33 is based on an FPSO (Floating production storage and offloading unit), capable of processing gas and oil/condensate and specifying these for sale without a need for further onshore processing.

The FPSO’s production capacity is of 16 million cubic meters of gas per day with average exports expected of 14 million cubic meters of gas per day. Start-up is planned in 2028.

“The final investment decision of BM-C-33 is an important milestone for the partners and for Equinor. Together with partners and suppliers we have developed a significant project which will provide Brazil with energy to meet its growing energy demands and create value for owners and society, contributing to local industrial development. Brazil is one of Equinor’s core areas and the investment in BM-C-33 emphasizes the strategic importance of our Brazilian portfolio,” says Geir Tungesvik, executive vice president for Projects, Drilling & Procurement.

“BM-C-33 is one of the main projects in the country to bring new supplies of domestic gas, being a key contributor to the further development of the Brazilian gas market. Gas exported from the project could represent 15% of the total Brazilian gas demand at start-up. Its development will also contribute to the energy security and economic development, enabling a lot of new job opportunities locally,” says Veronica Coelho, Equinor’s Country Manager in Brazil.

Technology and low carbon initiatives driving the project

BM-C-33 will be Equinor’s second FPSO in Brazil using combined cycle gas turbines, significantly reducing carbon emissions during operations.

The technology will also be applied in Bacalhau, in the Santos Basin, and it combines a gas turbine with a steam turbine to take advantage of the excess heat that would otherwise be lost. By implementing this technology, the average CO2 intensity of BM-C-33 over its lifetime will be lower than 6 kilos per barrel of oil equivalent.

BM-C-33 will be the first project in Brazil to treat the gas offshore and be connected to the national grid without further onshore processing. The sales gas is planned to be exported through a 200 kilometres offshore gas pipeline from the FPSO to Cabiúnas, in the city of Macaé, in the state of Rio de Janeiro. Liquids are planned to be offloaded by shuttle tankers.
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Re: [Brazil] BM-C-33 - Pão de Açúcar

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MODEC Awarded Contract by Equinor to Supply the 2nd FPSO in Brazil

10 May 2023

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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.
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Re: [Brazil] BM-C-33 - Pão de Açúcar

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TechnipFMC Awarded Major iEPCI™ Contract by Equinor for BM-C-33 Project in Brazil

NEWCASTLE & HOUSTON, May 11, 2023 — TechnipFMC (NYSE: FTI) has been awarded a major1 contract for an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) project by Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (Equinor).

The award follows the conclusion of an integrated Front End Engineering and Design (iFEED™) study of the BM-C-33 field offshore Brazil. The field is in water depths up to approximately 2,900 meters.

The contract covers the entire subsea system, including Subsea 2.0™ tree systems, manifolds, jumpers, risers and flowlines, umbilicals, pipeline end terminations, subsea distribution and topside control equipment, and installation. TechnipFMC will also be responsible for life-of-field services.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “iEPCI™ continues to reshape our industry, demonstrating our unique ability to bring together all the subsea components of an integrated solution. We’ve built trust with our clients, and to see Equinor utilize our Subsea 2.0™ configure-to-order solution along with iEPCI™ is a proud moment for us.”

1 For TechnipFMC, a “major” contract is more than $1 billion. This award will be included in inbound orders in the second quarter of 2023.
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