Petrobras Gave Up Projects in Brazil to Reduce Chartering Costs, and Mero 3 FPSO Risks Being Built Abroad

Written by Flavia Marinho

Published on 06/08/2020 at 18:11

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Sad News for Brazil’s Shipbuilding, Petrobras Waives Local Content to Lower Charter Prices, and FPSO Mero 3 Lacks Local Content

According to information from the website PetróleoHoje, during the period when Petrobras was negotiating the construction of FPSO Mero 3 with Misc from Malaysia, the state-owned company waived local content in the works to lower the final contract price, which has not yet been signed to date. Recently, the state-owned company announced it will contract the FPSOs Búzios 7 and 8 under the EPC model, that is, as its own units.

As a result, Brazil’s shipbuilding is “left high and dry” and the FPSO Mero 3 runs the risk of being entirely built overseas. Petrobras stated that it does not comment on ongoing hiring processes.

The companies concluded negotiations, with an offer from Misc of a daily rate of US$ 700,000 that matched SBM’s offer. The first oil from FPSO Mero 3 is scheduled for 2023 but may face delays considering the current crisis in the oil sector caused by the COVID-19 pandemic worldwide.

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Third FPSO Petrobras

Petrobras’s FPSO Mero 3 will join the FPSO Guanabara, which is being converted in Asia by Modec, with its first oil expected in 2021, and will join the FPSO Sepetiba, which is being constructed by SBM and is set to enter operations in 2022.

The charter contract for FPSO Mero 3 will be for 21 years and will have the capacity to produce 180,000 bopd, compress 12 million m³/d of gas, and inject 250,000 m³/d of gas, identical specifications to the other two to be installed in the field.

Check News and Job Openings in Shipbuilding

Currently, Petrobras has six platforms under construction at Asian shipyards: FPSOs Guanabara and Sepetiba, which will be installed in Mero 1 and Mero 2, respectively; Carioca (Sépia); Almirante Barroso (Búzios 5); Anita Garibaldi (Marlim 1); and Anna Nery (Marlim 2).

Among these units, the Guanabara, Sepetiba, Carioca, and Almirante Barroso had part of their modules ordered from shipyards in Brazil, such as EBR in São José do Norte (RS) and Brasfels in Angra dos Reis (RJ).

In addition to Mero 3, the state-owned company is currently conducting bidding processes to charter FPSOs for Mero 4 and Itapu if P-71 is indeed used in the project, rather than being installed in the Lula Recovery Factor (FR) field.

by- PetróleoHoje

Petrobras Gave Up Projects in Brazil to Reduce Chartering Costs, and Mero 3 FPSO Risks Being Built Abroad

Sad News for Brazil’s Shipbuilding, Petrobras Waives Local Content to Lower Charter Prices, and FPSO Mero 3 Lacks Local Content

Third FPSO Petrobras

Check News and Job Openings in Shipbuilding

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Petrobras Gave Up Projects in Brazil to Reduce Chartering Costs, and Mero 3 FPSO Risks Being Built Abroad

Sad News for Brazil’s Shipbuilding, Petrobras Waives Local Content to Lower Charter Prices, and FPSO Mero 3 Lacks Local Content

Third FPSO Petrobras

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