SBM Offshore Inks FPSO Sepetiba Deals with Petrobras

SBM OffshoreIllustration; Image Courtesy: SBM Offshore

Amsterdam-based oil and gas specialist SBM Offshore has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5-year lease and operation of the floating production storage and offloading unit (FPSO) Sepetiba.

These contracts follow the signing of the binding letter of intent (LOI) unveiled in June 2019.

As informed, FPSO Sepetiba, formerly known as Mero 2, will be deployed at the Mero field in the Santos Basin offshore Brazil, 180 kilometers offshore Rio de Janeiro.

SBM Offshore said it is progressing with the design and construction using its Fast4Ward program as it incorporates the company’s newbuild, multi-purpose hull combined with several standardized topsides modules.

Delivery of the FPSO is expected in 2022.

The Libra block, where the Mero field is located, is under a production sharing agreement to a consortium comprised of Petrobras, as the operator, with 40 percent, Shell with 20 percent, Total with 20 percent, CNODC with 10 percent and CNOOC Limited with 10 percent interest. The consortium also has the participation of the state-owned company Pré-Sal Petróleo SA (PPSA) as manager of the production sharing contract.


Related:

SBM Offshore to Participate in Auction for Five Brazilian FPSOs

SBM Offshore Pens Leniency Deal with Brazilian Authorities

SBM Offshore Books Two More FPSO Hulls in China

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >