Modec Wins FPSO Construction Gig from Libra Consortium

Toshiro Miyakazi, MODEC CEO; Image Courtesy: MODEC

Japanese supplier and operator of offshore floating platforms Modec has been hired by a Petrobras-led Libra consortium to build and operate a floating production storage and offloading (FPSO) vessel.

Under the terms of the deal, Modec is responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO, including topsides processing equipment as well as hull and marine systems. Sofec, a Modec company, has been entrusted with the design and supply of the spread mooring system.

The FPSO will be capable of processing 180,000 barrels of crude oil per day, 12 million cubic meters of gas per day, 225,000 barrels of water injection per day and will have storage capacity of 1,400,000 barrels of crude oil, Modec said.

The vessel is intended for deployment at the Mero field in the giant “pre-salt” region of the Santos Basin some 180 kilometers off the coast of Rio de Janeiro, Brazil at a water depth approximately 2,100 meters.

The first oil production by the FPSO is planned for 2021.

The Libra consortium is formed by Petrobras (operator, 40 pct), Shell Brasil (20 pct), Total (20 pct), CNPC (10 pct) and CNOOC Limited (10 pct), and state-owned Pré-Sal Petróleo S.A. (PPSA), as manager of the production sharing contract.

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