Contract let for monohull production vessel

Sept. 13, 2005
Sevan Marine has let a contract to a unit of John Wood Group PLC for the operation and management of the Sevan Stabilized Platform (SSP) Piranema, a floating production, storage, and offloading vessel. The FPSO will be operated for Petroleo Brasileiro SA (Petrobras) in Piranema oil field off northeastern Brazil. The 5-year, extendable contract is valued at $7 million/year.

By OGJ editors
HOUSTON, Sept. 13 -- Sevan Marine has let a contract to a unit of John Wood Group PLC for the operation and management of the Sevan Stabilized Platform (SSP) Piranema, a floating production, storage, and offloading vessel. The FPSO will be operated for Petroleo Brasileiro SA (Petrobras) in Piranema oil field off northeastern Brazil. The 5-year, extendable contract is valued at $7 million/year.

Wood Group Engineering & Production Facilities will oversee the vessel's management and execution, including onshore technical, logistical, and supply chain support, as well as oversee SSP Piranema's operational efficiency and performance.

The vessel will be the first implementation worldwide of Sevan Marine's SSP cylindrical monohull design, Wood Group said. SSP Piranema's design includes 30,000 b/d of oil process plant capacity, a gas injection plant with 3.6 million cu m/day of compression capacity, and 300,000 bbl of oil storage capacity. Piranema also can accommodate as many as 21 risers.

During the design and construction phase, the Wood Group unit will provide a number of support services, including operations and process engineering, and participate in hazardous-operations reviews.

The SSP Piranema will require 60 full-time personnel for day-to-day operations and maintenance, 95% of whom will be Brazilian.