MODEC has announced that Petrobras has signed a letter of intent for a floating production, storage, and offloading (FPSO) vessel for the BM-S-9 (Guara) block in the presalt region of the Santos Basin.
The BM-S-9 block is under concession to a consortium formed by Petrobras (45%), BG (30%), and Repsol (25%).
The letter of intent was issued to the Schahin Group and MODEC, who have partnered for the leased FPSO. SOFEC will design and provide the spread mooring.
MODEC will convert the very large crude carrier (VLCC) Radiant Jewel into the FPSO Cidade de Sao Paulo MV23. The FPSO will be capable of processing 120,000 b/d of oil and will be the seventh vessel MODEC will provide and operate in Brazil.
“This is our second vessel for Petrobras in the presalt discoveries, and we hope to participate with Petrobras in future production units for this exciting area,” Nobuhiro Yaji, president and co- CEO of MODEC, said.
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