Petrobras to charter another FPSO for Santos basin

Guara BV, an affiliate of Petroleo Brasileiro SA (Petrobras), has signed a letter of intent to charter a floating production, storage, and offloading vessel for use on Block BM-S-9 in the Santos basin offshore Brazil.

The FPSO will be provided and operated by Modec Inc. and Schahin Petroleo e Gas SA for the BM-S-9 consortium for a 20-year period. It will be delivered in June 2016—2 months before production is expected to begin.

The consortium is planning to connect at least 8 wells, 4 as producing wells and 4 for injection, to the vessel from the presalt layer in the Carioca area. The platform will have a processing capacity of as much as 100,000 b/d of oil and 5 million cu m/day of natural gas.

The BM-S-9 consortium is comprised of operator Petrobas with 45% interest and partners BG E&P Brasil Ltda. 30% and Repsol Sinopec Brasil SA 25% (OGJ, May 28, 2001, p. 45).