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SBM returns to the Brazilian market on top and invoices Mero 2 FPSO

Written by Renato Oliveira
Published 22/03/2019 ร s 17:09
Updated 24/03/2019 ร s 10:57

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FPSO Mero 2
SBM wins FPSO Mero 2

Dutch company wins the dispute and will build the platform vessel that will operate in the Mero 2 field in the Libra block.

After closing, in the second half of last year, a leniency agreement with the Federal Public Ministry that returned R$ 1,4 Bi to the public coffers, SBM is back in the game and on top.
The Dutch company won the bid that competed together with Modec and MISC and will build the FPSO that will operate in the Mero 2 field in the Libra block.

The charter contract is for 22 years and marks the company's resurgence in Petrobras' bids, after having its leniency agreement approved with the Brazilian courts.
SBM presented the lowest price in the bidding and now depends on the validation of the result by Petrobras. It is worth remembering that the company is the operator of the Brasa shipyard, in Niterรณi, and had announced that it would keep it closed for a long time due to lack of work.

As part of the agreement that allowed the company to participate in the bidding, the Dutch Group also committed itself to passing on information found in investigations into commission payments to lobbyists and their companies between 2004 and 2006, in addition to maintaining an integrity program and providing documents for assessment.

The FPSO

The unit to be built by SBM will have the capacity to process up to 180 barrels of crude oil and compress 12 million cubic meters of gas per day.

It is estimated that FPSO Mero 2 will be ready to start operating by the year 2022. The equipment will operate in a water depth of around 2.000 meters and will have similar characteristics to the Mero 1 project, with some optimizations implemented.

PPSA (Prรฉ-Sal Petrรณleo) manages the production sharing contract and Petrobras leads the Libra Consortium that operates the Mero field, with a 40% stake, together with Shell, which holds 20%, Total which has 20%, CNPC has 10% and CNOOC Limited the remaining 10%.

New boost for 19 FPSO's in the Brazilian market! In addition to Mero 2, it is estimated that there will be many FPSO's in Brazil in the coming years! Access here and learn more!

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Renato Oliveira

Production Engineer with a postgraduate degree in Manufacturing and assembly of pipelines with 30 years of experience in inspection/manufacturing/assembly of pipelines/tests/Planning and PCP and commissioning in shipbuilding/offshore (conversion of FPSO's hulls and topsides modules) in the largest national shipyards and 2 years in a Japanese shipyard (Kawasaki) inspecting and accompanying fabrication and assembly techniques of structures/pipes/outfittings (advanced finishing) for hull from Drillships.

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