SBM Offshore signs FPSO LOI with Petrobras

  • Feb 25, 2021
  • Energy Global

SBM Offshore has announced that it has signed a letter of intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 26.25-year lease and operate contract for the FPSO Almirante Tamandaré, to be deployed at the Búzios field in the Santos Basin approximately 180 km offshore Rio de Janeiro in Brazil.

Under the contract, SBM Offshore is responsible for the engineering, procurement, construction, installation and operation of the FPSO. SBM Offshore will design and construct the FPSO Almirante Tamandaré using its Fast4Ward® program as it incorporates the company’s new build, Multi-Purpose Floater (MPF) hull combined with several standardised topsides modules. SBM Offshore’s fourth Fast4Ward MPF hull has been allocated to this project.

The FPSO will have a daily processing capacity of 225 000 bbl of oil and 12 million m3 of gas. Furthermore, the FPSO will have a water injection capacity of 250 000 bbl/d and a minimum storage capacity of 1.4 million bbl of crude oil. The FPSO will be spread moored in approximately 2000 m water depth. Delivery of the FPSO is expected in 2H24.

Bruno Chabas, CEO of SBM Offshore, commented: “SBM Offshore is proud to announce that Petrobras has awarded the company the LOI for the sixth FPSO development in the world class Búzios field in Brazil. This award for one of the largest production units in the world demonstrates the trust placed in our ability to reliably deliver large-scale FPSOs and the agreement again confirms the significant value we bring to our clients with our industry leading Fast4Ward program. SBM Offshore teams look forward to starting the execution phase in order to continue to deliver value to one of our key clients Petrobras”.

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