The Capsizing of the Modules Should Not Affect the First Oil from P71

Written by Renato Oliveira

Published on 20/05/2019 at 18:47

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FPSO Is Not in Petrobras’ Business Plan for the 2019-2023 Period, Which Provides Some Breathing Room

Of the evils, the least, not that the partial sinking of the P-71 modules did not bring losses to Petrobras, but perhaps the cost of each module, around US$ 45 million each, was the total loss for the company.
As Click Oil and Gas reported, a sinking off the coast of Santa Catarina, occurred on the night of last Saturday (05/18), when the convoy led by the tugboat TS Favorito from Tranship partially sank its barge while it was about 120 km from the coast of Itajaí, causing the two modules to fall into the sea.

The sinking, which according to initial reports, rendered the power generation modules (M-15 and M-16) of the FPSO P71 unusable, occurred when, in adverse sea conditions, the barge belonging to the company Locar was sailing towards the Jurong Shipyard in Aracruz (ES).

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Business Plan 2019-2023

According to the Petrobras Business Plan 2019-2023 published at the end of last year, the P71 is not part of this business horizon for the company due to construction delays.
There are two factors that make Petrobras believe in minimal impact on the timeline for the first oil from the FPSO.
The first is the exclusion of the unit from the current business plan of the company, which would allow some leeway for the reconstruction of the generation modules.

The other reason would be the fact that Siemens, the manufacturer of the generating turbines, has two identical equipment units ready for immediate delivery in the Netherlands, to supply the Brazilian oil company.

The FPSO P71 is part of a group of hulls called replicants and was initially built at the Rio Grande Shipyard in Rio Grande do Sul, but Petrobras canceled the contracts after corruption findings from Operation Car Wash.
Today, the P71 is being reconstructed in China and the plan was for it to come to Jurong in 2020 for the integration of the modules to the hull.

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