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Tupi News

02 May 2022

Petrobras Starts Oil and Gas Production from First of Four Mero Field FPSOs

Credit: Petrobras

Oil and gas production has started from FPSO Guanabara offshore Brazil, the first definitive production system installed in the Petrobras-operated Mero field, in the Santos Basin pre-salt. Three more FPSOs are planned for deployment at the Mero field.The Mero field has been in pre-production since 2017 with the 50,000 barrels of oil per day Pioneiro de Libra FPSO.The Guanabara FPSO is capable of processing up to 180 thousand barrels of oil and 12 million m3 of gas, which represents 6% of the production operated by Petrobras…

02 Feb 2022

First of Four FPSOs Deployed at Petrobras' Mero Field

© Modec

The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed.The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field, the third largest pre-salt field behind Búzios and Tupi. MODEC is responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems.

27 Oct 2021

Mighty River to Muddy Trickle: South America's Parana Rings Climate Alarm

Illustration only - Aerial shot over Parana River in Front of Rosario City - Credit: Wirestock/AdobeStock

Gustavo Alcides Diaz, an Argentine fisherman and hunter from a river island community, is at home on the water. The Parana River once lapped the banks near his wooden stilt home that he could reach by boat. Fish gave him food and income. He purified river water to drink.Now the 40-year-old looks out on a trickle of muddy water.The Parana, South America's second-largest river behind only the Amazon, has retreated this year to its lowest level since its record low in 1944, hit by cyclical droughts and dwindling rainfall upriver in Brazil.

06 Sep 2021

DOF Subsea Sells Skandi Neptune Vessel

Norwegian offshore vessel owner DOF Subsea has sold its 2001-built construction support vessel Skandi Neptune.According to DOF Subsea, the vessel has been sold to an unnamed "international buyer."The vessel will be delivered to the new owner in Q3 2022, after completing its current commitments, DOF Subsea said Monday, without sharing further details. VesselsValue estimates the 104.2 meter-long vessel's value to be around $3.13 million.Per the vessel's AIS, the Skandi Neptune left Vitoria, Brazil last week, en route to Petrobras' Jubarte offshore field.The vessel was earlier this year awarded a contract with marine seismic contractor Shearwater Geoservices, to support Shearwater's Ocean Bottom Node seismic campaigns on Petrobras' Jubarte, Tupi, and Iracema fields offshore Brazil.

28 Oct 2020

Petrobras to Buy P-71 FPSO and Deploy It on Itapu Field

Petrobras 71 FPSO - Credit: Petrobras

Brazilian national oil company Petrobras has agreed to buy the P-71 Floating Production Storage and Offloading (FPSO) vessel and use it for the development of the Itapu field.Petrobras said that the FPSO was to be used at the Tupi field, however, after negotiations with its partners in BM-S-11 Consortium, Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil S.A. (10%), Petrobras agreed to buy the FPSO for $353 million, the amount corresponding to the partners' share in P-71.The P-71…

16 Aug 2019

MODEC Raises $1bln Bond for FPSO Project

Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading  (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.MODEC, a unit of Mitsui E&S Holdings that builds floating oil-drilling platforms, said that project bonds are issued against future revenue from the infrastructure projects they finance.This project bond was issued for the FPSO Cidade de Mangaratiba MV24 which has been deployed and is currently in operation at the Iracema Sul (formerly Cernambi Sul) oil field…

11 Dec 2017

Keppel Secures $130 mln in Projects

Keppel Offshore & Marine (Keppel O&M) has, through its wholly-owned subsidiaries, Keppel FELS Brasil S.A. and Keppel Shipyard Ltd (Keppel Shipyard), secured projects from repeat customers, Petrobras and SOFEC Inc. (SOFEC) respectively, worth a combined value of approximately S$130 million. Keppel FELS Brasil's BrasFELS shipyard has secured hull carry over work for the Floating Production Storage and Offloading (FPSO) unit P-69 from Tupi BV (a consortium formed by Petrobras Netherlands B.V., operator with 65%; Shell with 25%; and Petrogal Brasil with 10%), which is represented by Petrobras. The additional work scope on P-69 includes the installation of equipment and cables for the hull as well as the commissioning of marine systems.

07 Feb 2017

Keppel Delivers FPSO for Brazil

Keppel Offshore & Marine’s shipyard in Brazil, BrasFELS, has delivered P-66, the first of the Replicante series of floating production storage and offloading (FPSO) units, to Tupi BV. Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard, has delivered the FPSO P-66 to Tupi BV (a consortium formed by Petróleo Brasileiro S.A. - Petrobras, operator with 65 percent; BG E&P Brasil - a subsidiary of Royal Dutch Shell plc, with 25 percent; and Petrogal Brasil with 10 percent), which is represented by Petrobras. P-66 departed the shipyard on February 4, 2017 to be deployed in the Lula Sul field, Santos Basin, Brazil. BrasFELS was engaged for two Replicante projects, P-66 and P-69.

19 May 2016

Heavy LIfting: Moving Modules for Brazilian FPSO

Load-out of the fourth module onto the module carrier MV Mega Trust using Mammoet’s SPMTs. (Photo: Mammoet)

On April 6, Mammoet, a service provider specializing in engineered heavy lifting and transport, completed a load-out of the first set of four modules bound for the FPSO (Floating Production, Storage and Offloading) P66 vessel. This is the first of eight FPSOs currently under construction for oil production in Brazil. The end client, TUPI BV, is a consortium composed of Petrobras Netherlands BV (PNBV, 65 percent), the British Gas Group (BG Group, 25 percent) and Galp Energia S.A. (10 percent), working on the ongoing development of the Lula Alto field, located in the Santos Basin, Brazil.

01 Sep 2015

MODEC FPSO Achieves First off Brazil

FPSO Cidade de Itaguai MV26 (Photo: MODEC)

MODEC, Inc. announced today that its FPSO Cidade de Itaguai MV26, operating in the Iracema Norte area of Lula field, in the Pre-Salt layer of Santos Basin offshore Brazil, has achieved First Oil production on July 31, 2015, five months ahead of the schedule anticipated under the contract. The FPSO is chartered by Tupi B.V., a subsidiary of Petroleo Brasileiro S.A. (Petrobras), under a 20-year lease and operation contract. Moored 240 kilometers off the coast of Rio de Jeneiro at a water depth of around 2…

27 Jul 2015

SBM Offshore Completes $1.55 bln FPSO Financing

SBM Offshore announced it has today completed the project financing of FPSO Cidade de Saquarema for a total of $1.55 billion, marking the largest project financing in the company's history. Project financing was secured by a consortium of 16 international banks with insurance cover from four Export Credit Agencies (ECA): Atradius Dutch State Business N.V. (Atradius), Nippon Export and Investment Insurance (NEXI), Servizi Assicurativi del Commercio Estero S.p.A. (SACE) and UK Export Finance (UKEF). The facility is composed of three separate tranches totaling $1.55 billion with a 5.1 percent weighted average cost of debt and fourteen year post-completion maturity: Atradius covered tranche of $800 million including SACE $167 million and UKEF $53 million…

12 Jan 2015

Ezra to Supply Turret Mooring System for Libra Field

Ezra Holdings Limited’s wholly owned subsidiary, London Marine Consultants (LMC), Ezra’s Floating Production, Storage and Offloading (FPSO) Turret Design outfit, has been awarded a contract by Sembcorp Marine’s subsidiary Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field’s Extended Well Test (EWT) FPSO vessel. The Libra oil field is a large, ultra-deepwater (up to 2,500 meters) oil prospect located in the Santos Basin, about 230 kilometers off the coast of Rio de Janeiro, Brazil, north of Tupi field. The oil field estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil and is one of the largest deepwater oil accumulations globally.

15 Nov 2014

Modules for Petrobras' FPSO delivered

The "Consórcio Tomé Ferrostaal" (CTF) named consortium of Rheinmetall International Engineering, a joint venture of Ferrostaal and Rheinmetall, and the Brazilian company Tomé Engenharia have handed over two modules for the first of a series of six vessels to an international consortium led by Petrobras. "CTF" was awarded in 2012 the modules order to equip six FPSO (Floating, Production, Storage and Offloading) vessels. At the end of October, the Barge S. Tomé loaded with the Modules M8 and M10 was handed over to the integrator and successfully shipped away to its final integration destination in Angra dos Reis. The total order is worth today approx.

08 Jul 2014

Maersk Taking $1.7b Charge on Brazil Assets

Full-year underlying profit guidance unchanged; writedown raises questions over company's oil strategy. Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday, selling its stake in its only producing Brazilian oilfield and saying it will write off $1.7 billion of investments in the country. The write-off affects two exploration areas, Itaipu and Wahoo, which failed to deliver on oil volume expectations, and the Polvo field, both northeast of Rio de Janeiro in the Campos Basin, Maersk said. Maersk bought the assets from South Korea's SK Energy Co Ltd for $2.4 billion in 2011. On Tuesday, Brazil's HRT Participacoes em Petroleo SA said it bought Maersk's 40 percent Polvo stake for an undisclosed sum.

28 Jun 2014

Petrobras Could save $18K mln between 2015 and 2021

Brazil's Petrobras estimates it will save costs for 18,000 million dollars between 2015 and 2021 findings with direct contracting to explore four oil surplus subsalt areas of the country, the company said Friday . The company expects investment required would be for about 26,000 million dollars to acquire areas, discover and define the potential surplus oil, according to a filing with the Securities and Exchange Commission (CVM). The presentation was used this afternoon by the president of Petrobras, Maria das Graças Foster, in a meeting with analysts at the headquarters of the state company in Rio de Janeiro. On Tuesday, the National Energy Policy Council (CNPE) Petrobras chose to remove…

23 Jan 2014

Vulkan RATO for Submarine Test Rig

For decades, Vulkan  has been a supplier of couplings, not only for Brazilian offshore industry, but also for military applications. Here business mainly focused on conventional drives such as diesel-electric systems for military ships and submarines. Now Vulkan is positioning itself on the Brazilian market as a system solution provider for nuclear propulsion and supply the Centro Experimental Aramar in Iperó with a RATO S 731T and 14 elastic mounts. The Brazilian government is currently planning the construction of a fleet of six submarines with nuclear propulsion.

27 Mar 2013

FPSO Charter & Operation Contract for SBM Offshore

SBM Offshore has received a Letter of Intent (LOI) for the 20-year charter & operation of two FPSOs from BM-S-11 subsidiary Tupi BV. The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil. BM-S-11 block is under concession to a consortium comprised of PETROBRAS (65%), BG E&P Brasil Ltda. (25%), and Petrogal Brasil S.A.(10%). The FPSOs will be owned and operated by a Joint Venture company owned by SBM Offshore with other partners including Queiroz Galvão Óleo e Gás S.A.(QGOG). SBM Offshore will be in charge of the construction of the two FPSOs with planned delivery expected respectively by end 2015 and early 2016.

14 Feb 2013

OSX: Full Speed Ahead on Mammoth Shipyard Project

Danilo Souza Baptista, OSX’s Director of Naval Construction, sat with MR Contributing Editor Claudio Paschoa at EBX Group’s new HQ in downtown Rio de Janeiro, in a meeting room overlooking Guanabara Bay with Sugar Loaf Mountain as a backdrop, to discuss its ambitious yet realistic vision to create one of the largest, most efficient shipyards in the Americas, as well as its Integrated Service Solution to the meet offshore O&G needs. OSX is a relatively new company, founded by the EBX Group in 2009. The EBX Group, is a holding composed of several companies active in different industries such as mining, oil & gas, logistics, real estate, among others.

19 Nov 2012

Keppel’s Yard in Brazil Receives US$2 Million in Bonuses

Keppel FELS Brasil S/A's (Keppel FELS Brasil) yard in Angra dos Reis, Rio de Janeiro, Brazil - BrasFELS - has delivered FPSO Cidade de Sao Paulo 19 days ahead of schedule and with an excellent safety record. FPSO Cidade de Sao Paulo has a production capacity of 120,000 barrels of oil per day (bopd) and is able to compress 5 million cubic meters of gas per day. It is the first of two Floating Production Storage and Offloading (FPSO) projects BrasFELS is undertaking for MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint venture between MODEC, Inc. (MODEC) and Toyo Engineering Corporation (TOYO). For achieving an excellent safety performance throughout this two-year project, MTOPS awarded BrasFELS with a safety bonus in addition to an early delivery bonus.

30 Aug 2012

FPSO US$674-million Contract for Sembcorp Subsidiary

Sembcorp Marine’s subsidiary Jurong do Brasil Prestacao de Services Ltda (JDB) awarded FPSO module contract by Tupi B.V. The contract is for the construction of a total of 8 modules and module integration works for 2 Floating Production Storage and Offloading vessels (FPSO) P-68 and P-71 from Tupi B.V., a consortium owned by majority shareholder Petrobras Netherlands B.V., together with BG Overseas Holdings Ltd and Galp Energia E&P B.V. As part of the agreement, Tupi B.V. has a similar contract option to construct 4 modules and modules integration for a FPSO to be exercised within 18 months of the contract signing. Under the contract, the FPSOs P-68 and P-71 will have identical work scopes, comprising the fabrication of 4 modules for each FPSO and module integration works.

23 Jul 2012

Petrobas Action Ten Brazil Contracts for FPSO Modules

Photo credit Petrobas

Petrobras subsidiaries Tupi BV and Guará BV, together with consortium members BG Group, Petrogal Brasil, and Repsol Sinopec Brasil SA, have given the go-ahead for ten contracts totaling US$4.5 billion for the construction of the first six topside modules (processing plant, utilities and living quarters) for eight identical (“Replicant”) FPSOs (Floating, Production, Storage and Offloading units). The modules are to be constructed in Brazil for pre-salt projects (a geophysical layer) in Santos Basin blocks BM-S-9 and BM-S-11. The contracts will be signed in the next few days.

11 Jul 2012

Keppel FELS Brasil Secures US$200 million Contract

Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured a contract worth approximately US$200 million from MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint-venture company established in Singapore by Toyo Engineering Corporation (TOYO) and MODEC, Inc. The contract is for the fabrication and integration of topside modules for the Floating Production Storage and Offloading vessel (FPSO) Cidade de Mangaratiba MV24 at Keppel FELS Brasil's BrasFELS yard in Angra dos Reis, Rio de Janeiro, Brazil. Scheduled to be completed by 2Q 2014, the FPSO will have a daily production capacity of 150,000 barrels of oil per day (bopd) and storage of 1,600,000 barrels of oil.

16 May 2012

Wärtsilä Hamworthy Get Petrobras Flare Gas Recovery Contract

The units, each of which will be able to handle 150,000bpd, are to be deployed on the pre-salt fields, off Santos, Brazil. Three of the FPSOs will be utilised for Block BM-S-11 Lula (Tupi) and one will go to Block BM-S-9 Guara. "We have developed a strong position in the growing market for flare gas recovery as offshore operators seek greater efficiency over increasing environmental concerns due to flaring," said Hamilton Santos, Project Manager, Gas Recovery Business Unit, Hamworthy Oil & Gas Systems. "Flaring gas has a global impact on climate change by adding about 400 million tons of CO2 in annual emissions. The contract underscores…