First OOG Production Unit in Brazil

abarrelfullabarrelfull wrote on 13 Feb 2013 13:45

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Odebrecht Óleo e Gás (OOG) and Norwegian outfit Teekay Petrojarl signed a joint venture for the chartering and operation of the first oil production unit in Brazil, the Floating Production Storage and Offloading Unit (FPSO) for Petrobras for a nine-year period, with the option for an up to six-year extension.

The FPSO is a ship used by the oil industry for the exploration, storage and transport of oil and natural gas production.

Called the Itajaí City FPSO, the unit is currently being constructed at the Jurong Shipyard in Singapore, and should arrive to Brazil during the second quarter of 2012, when it will be installed in the Southern region of Santos Basin along the São Paulo coast, in the Tiro and Sídon fields. With the capacity to produce 80,000 barrels of oil per day and 650,000 barrels for stocking, the ship can operate in water depths of up to 1,000 meters.

Rodrigo Lemos, the FPSO Operation Contract Director, stated that the project represents OOG's definitive entry into the floating oil production unit chartering and operation market in Brazil . “Our strategy is to become a global player with national leadership in this segment and take advantage of the cycle of investments adopted by Petrobras and our international clients, including the development of pre-salt,” said Lemos.

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