FELS Setal/Technip consortium secures Notice of Award to build P-51 for Petrobras for US$639 million

abarrelfullabarrelfull wrote on 04 Sep 2013 10:00

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The consortium of FELS Setal SA and Technip Engenharia S/A (Technip) has received the Notice of Award from Petrobras Netherlands BV (PNBV) to build P-51, a semisubmersible production platform, for US$639 million.

To be completed in 47 months, the P-51 platform will be deployed in state oil company Petrobras’ Marlim Sul oil field.

FELS Setal and Technip’s share in the project is 75/25 respectively.

FELS Setal’s work will be divided into three portions. Detailed engineering and construction of the corner nodes of the lower hull will be carried out by Keppel FELS in Singapore. Part of the lower hull will be subcontracted to the NUCLEP yard. FELS Setal will fabricate the rest of the lower hull, deckbox, topside, accommodation and modules and will also handle the commissioning and pre-operations start-up.

Technip will be responsible for the overall engineering and detailed engineering of the deckbox and offshore mating and transportation.

Mr Tay Kim Hock, President and Chief Executive Officer of FELS Setal, said, “The P-51 project represents yet another major milestone of localising significant amount of work in Brazil. This will create more employment and will enhance the capabilities of local companies.”

P-51 is a 41,000 tonne unit capable of producing 180,000 barrels of oil and 6 million cu m of natural gas a day. It will be installed in 1,225 m of water, 175 km from the coast, and is scheduled to begin production in the first quarter of 2008.

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