Modec’s FPSO Construction Should Be Split Between China and Brazil

Next Modec FPSO for Búzios V Should Follow Company’s Previous Model with Part in Asia and Part in Brazilian Shipyard

Modec is in the market studying which shipyards, domestic and foreign, it should build its next FPSO, which will operate in the Búzios field, in the Santos Basin, starting in 2021. See Here! Next Generation FPSO from Modec Will Have New Design!
The FPSO, which will be the first to be installed under the production sharing regime, should follow the model that Modec has already been using, with the hull conversion in Asia and part of the manufacturing and integration of topsides modules in Brazil.

The FPSO for Búzios V is in the engineering detailing phase, and its construction should begin at the end of this year or the beginning of next year.
The FPSO for Búzios V will have a 21-year contract, will be installed in the northern part of the field, in water depth of 1,900 m, about 180 km from the coast, and will have the capacity to produce 150,000 bopd and compress 6 million m³/d of natural gas, being connected to up to 15 wells.

According to market commentary, the Japanese operator already has plans to integrate and assemble the FPSO from Sépia at Brasfels and the integration of the Mero unit at the EBR shipyard in São José do Norte, Rio Grande do Sul.

Projects in China

Modec has two other FPSOs under construction in China. The FPSO Guanabara, which will be installed in Mero, is having its hull converted at the DSIC shipyard, and the Carioca, which will be installed in the Sépia field, is undergoing conversion works at the Cosco shipyard.

The first FPSO to operate under the production sharing regime in the Búzios field will be named by Petrobras as Almirante Barroso and will be the first with the name of Brazilian national heroes, given that the company’s practice was to name units after Brazilian cities or bays in the country.

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