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Petrobras orders FPSO for Tupi area production

Oil & Gas Journal

Eric Watkins
Senior Correspondent

LOS ANGELES, Aug. 26 -- Mitsui Ocean Development & Engineering Co. Ltd. (MODEC) has signed a letter of intent with Petroleo Brasileiro SA (Petrobras) to supply, charter, and operate a floating production, storage, and offloading (FPSO) vessel as the Pilot FPSO in the giant Tupi field area of the Santos basin off Brazil.

Under terms of the contract, which involves a 15-year lease with five 1-year options, MODEC will be responsible for the engineering, procurement, construction, mobilization and operations for the FPSO, including topsides processing equipment, hull, and marine system. FMC's Sofec unit will design and provide the spread mooring.

MODEC will convert the M/V Sunrise IV very large crude carrier into the Cidade de Angra dos Reis MV22 FPSO. The vessel will be deployed in the Tupi area and will initially gather production from five subsea wells with the capability to handle four additional production wells in the future.