Petrobras Charter FPSO for Offshore Brazil Project

Press Release
Tuesday, November 13, 2012
An FPSO Vessel: Photo credit CCL Marcus Wong

Petrobras with partners BG Group and Petrogal Brasi inks charter of the FPSO from Schahin Petróleo e Gás S.A. and Modec Inc.

The Floating Production Storage & Offloading vessel (FPSO)  will be used in the production development project of the area known as Iracema Norte, in block BM-S-11, in the pre-salt of Santos Basin. The project includes the interconnection of 16 wells to the FPSO - 8 production and 8 injection wells - and production is expected to start in December 2015.

The FPSO will be deployed 300 Km off Brazil's coast, at a water depth of 2,234 meters. The platform will have a processing capacity of 150,000 bpd of oil and 8 million m3/day of natural gas. It will be operated by the companies responsible for the construction and chartered to the Consortium for a 20-year period. The schedule of the project determines the delivery of the FPSO 35 months following the signature of the Letter of Intent.

The BM-S-11 Consortium is operated by Petrobras (65%), in partnership with BG E&P do Brasil Ltda. (25%) and Petrogal Brasil S.A (10%).


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