Petrobras signs letters for Modec floaters

By OGJ editors
HOUSTON, July 27 -- Brazil's state-owned Petroleo Brasileiro SA (Petrobras) signed letters of intent with Modec Inc., Houston, to supply a floating production, storage, and offloading platform (FPSO) and a floating storage, and offloading vessel (FSO) in the Campos basin.

Modec will operate the FPSO in Espadarte Sul field and the FSO will receive stabilized crude oil from Marlim Sul, Roncador, and Marlim Leste fields. The FPSO and the FSO are expected to be in place by yearend 2006.
T
he FPSO, a converted very large crude carrier, will be able to process 100,000 b/d of oil, compress 87 MMcfd of gas, inject 113,000 b/d of water, and store 1.6 million bbl of oil. Modec will lease and operate the FPSO for 8 years with an additional four 1-year option periods.

The FSO will be able to receive up to 630,000 b/d of oil and store 2.2 million bbl of oil, Modec said. Petrobras is working to improve the flow of crude oil from its offshore platforms in these fields (OGJ Online, Mar. 8, 2005).

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