SBM Offshore secures Petrobras FPSO contract

11 June 2019 (Last Updated June 11th, 2019 11:30)

SBM Offshore has secured a contract from Brazilian state-owned oil company Petrobras to design and operate a floating production, storage and offloading (FPSO) vessel at the offshore Mero field.

SBM Offshore has secured a contract from Brazilian state-owned oil company Petrobras to design and operate a floating production, storage and offloading (FPSO) vessel at the offshore Mero field.

The company has signed a letter of intent (LoI) with Petrobras to provide 22 years and six months lease and operate service for FPSO Mero 2. Located in the Libra block, the Mero field is in Santos Basin and around 180km offshore Rio de Janeiro.

Under the contract, SBM Offshore will construct the FPSO Mero 2 vessel leveraging its Fast4Ward programme. The process combines the company’s new build, multi-purpose hull with several standardised topsides modules. The topside modules will weigh around 33,000t, and the vessel will be spread moored in around 2,000m water depth.

The FPSO will be capable of producing 180,000 barrels of oil per day (bopd). It will also have a water injection capacity of 250,000bopd and associated gas treatment capacity of 12 million standard cubic metres per day. Moreover, the FPSO Mero 2 will be built to hold a minimum of 1.4 million barrels of crude oil.

SBM Offshore CEO Bruno Chabas said: “The signing of this letter of intent demonstrates again that SBM Offshore has started a new era of growth.

“Not only does this award represent the company’s re-entry in Brazil, one of the most important markets for the company with one of our key customers, it also re-confirms the competitiveness of our Fast4Ward concept while expanding its geographical reach.”

The FPSO is scheduled to be delivered in 2022.