Consortium Win $1.2B Petrobras Deal

In the foreground is the P-52 FPU departing the yard on 11 September 2007.

The consortium of Keppel FELS Brasil S/A and Technip Brasil Engenharia, Instalacoes e Apoio Maritimo S/A (Technip), FSTP Pte Ltd, has secured a $1.2 billion contract to build a semisubmersible Floating Production Unit (FPU) for Petrobras Netherlands BV (PNBV).

FSTP is a 75/25 consortium company between Keppel Offshore & Marine (Keppel O&M) and Technip. The rig, to be named P-56, is expected to be delivered ex-yard in the last quarter of 2010.

P-56 will be a repeat of the P-51 FPU which is currently being built at Keppel FELS Brasil’s BrasFELS yard. With this contract, the total orders secured to-date in 2007 by Keppel O&M is S$6.25 billion.

Mr Tong Chong Heong, Managing Director and COO, of Keppel O&M, the parent company of Keppel FELS Brasil, said, “We are glad to support Petrobras in their pursuit of national content as they expand oil and gas production capacity.

“Our ‘Near Market, Near Customer’ strategy has enabled us to better serve our customer, Petrobras, while participating with them the creation of jobs in the country. We look forward to further strengthen our relationship with Brazilian offshore oil and gas companies. We want to be their strategic partner as they pursue the expansion of their business.”

Keppel FELS Brasil will carry out the detailed engineering of the lower hull and accommodation, as well as the construction and integration of the entire FPU. Technip will be responsible for the overall engineering and detailed engineering of the topside and offshore mating.

With displacement of 50,000 tons, the FPU will be 110 m long and wide, and 125 meters tall. It is expected to operate for 25 years.

The P-56 will be positioned at depths of 1,700 m and about 124 km off the coast. Capable of processing and treating 170,000 barrels of liquids and 100,000 barrels of 16º API oil, 6 million cubic meters of natural gas, and of injecting some 280,000 barrels of water in the reservoir, the P-56 will be connected to 22 wells, 11 of which are oil and gas producers and 11 are to inject water.