Petrobras Delays First Oil for FPSO Mero 2

Petrobras Delays FPSO Start-Up After Already Postponing Bids for Subsea Equipment for the Same Project

On October 16, Click Petróleo e Gás reported that Petrobras had postponed the submission of proposals for the subsea of Mero 2 and Búzios V and now the oil company has postponed the completion of the FPSO.
The information was disclosed by Petrobras in its financial report, yesterday, Wednesday (10/24), and represents a one-year delay compared to the deadline announced in Petrobras’ 2019-2024 business plan.

The Brazilian state-owned company anticipated the start-up of the FPSO Sepetiba, in the field of the same name, in the pre-salt of the Santos basin, for 2022 and will now work with the new date set for 2023.

In March of this year, SBM announced its return to the Brazilian market triumphantly and secured the FPSO of Mero 2. In June, the contract was signed with Petrobras, which reported in its quarterly performance report that the FPSO is 10% physically advanced in its project.

The FPSO will have the capacity to process up to 180,000 bopd and 12 million m³/d of gas and was one of SBM’s first achievements in Brazil after the leniency agreement signed with the courts due to corruption allegations made by the Lava Jato operation.

SBM’s Victory

SBM won the bid competing alongside Modec and MISC for the charter of the FPSO that will operate in the Mero 2 field in the Libra block.
The equipment will operate in water depths of about 2,000 meters and will have characteristics similar to the Mero 1 project, with some optimizations implemented.

It is worth mentioning that the company is the operator of the Brasa shipyard in Niterói and had announced that it would keep it closed for a long time as it was without works.

Read also here on your CPG portal! Petrobras will continue to dominate the implementation of global FPSOs in the next five years!