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Petrobras’ FPSO Chartering Project for Marlim Offshore by MODEC, Mitsui, MOL, and Marubeni Is Confirmed Today

Written by Paulo Nogueira
Published on 30/01/2020 at 06:39
Updated on 30/01/2020 at 06:40
MODEC PETROBRAS FPSO Marlim campo
Foto ilustração – FPSO Raora, não se trata do MV33
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The Name of the FPSO Will Be Anita Garibaldi MV33 Under Petrobras Contract. The Unit Will Operate for 25 Years

To provide to Petrobras, the presidents of MODEC, Mitsui, MOL, and Marubeni agreed this Thursday (30) to invest in a long-term charter business (“the Project”) currently promoted by MODEC with the goal of providing a Floating Storage and Offloading Unit (FPSO) for use in the Marlim field, offshore Brazil. The four companies above (“the Companies”) signed related agreements on January 30, 2020.

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Based on these agreements, Mitsui, MOL, and Marubeni will invest in Marlim1 MV33 B.V. (“MV33”), a Dutch company created by MODEC, and the companies will continue the project together. MV33 received a Letter of Intent for a long-term charter contract for the FPSO deployment in October 2019 from Petróleo Brasileiro S.A. or simply Petrobras. The FPSO will be chartered for 25 years under this charter contract.

The FPSO will be named FPSO Anita Garibaldi MV33 and will be deployed in the Marlim field in the Campos Basin. The field is located approximately 150 kilometers off the coast of Rio de Janeiro, in southeastern Brazil. The FPSO will be anchored at approximately 670 meters deep, in the year 2022.

The project marks the eighth occasion in which the companies have collaborated to operate FPSOs in Brazil.

Basic Specifications of the FPSO MV33 Modec

  • Oil Processing Capacity: 80,000 Barrels Per Day
  • Gas Processing Capacity: 248 Million Cubic Feet Per Day
  • Oil Storage Capacity: 1,000,000 Barrels
  • Type of Mooring: Spread Moored (at a water depth of approximately 670 meters)

Shareholders of MV33

  • MODEC, Inc.: 32.5%
  • Mitsui & Co., Ltd.: 32.5%
  • Mitsui O.S.K. Lines, Ltd.: 20.0%
  • Marubeni Corporation: 15.0%

Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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