Petrobras signs agreement to convert platform hulls for transfer of rights areas

abarrelfullabarrelfull wrote on 30 Jul 2013 11:23

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May 7, 2012

Petróleo Brasileiro S.A. – Petrobras has signed today an agreement to convert four ships of the Very Large Crude Carrier (VLCC) type into hulls in the future platforms P-74, P-75, P-76 and P-77 for the transfer of rights areas. The agreement's overall value is US$1.7 billion and the work will be carried out in the Inhaúma shipyard, in the state of Rio de Janeiro, which has been leased by Petrobras and is being remodeled in order to meet the Company’s demands. The agreement was signed with the consortium composed by the construction companies Norberto Odebrecht S/A, OAS Ltda. and UTC Engenharia S/A.

Each platform will have the capacity to produce up to 150,000 oil barrels per day and compress 7 million cubic meters of natural gas per day, and will operate in the Franco and Nordeste de Tupi prospects, located in the pre-salt area of the Santos Basin.

Conversion work should begin in June. The first unit of this series is platform P-74, whose ship is already anchored in the Rio de Janeiro Port, with conversion of the hull expected to be concluded in March 2014. The conversion of the P-75 hull is scheduled to be concluded in October 2014, and the P-76 and P-77 hulls should be converted in 2015.

When that stage of the conversion is complete, each hull will be sent to another worksite. The next stage will involve installing the oil and gas processing and production plant modules and integrating the units (installing the modules in the hulls). These agreements should be signed by April 2013.

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