Suspension Of The Multinational Modec Ended Last Saturday (April 30): Japanese Company Is Now Free To Participate In Future Petrobras Bids!

Written by Flavia Marinho

Published on 05/05/2022 at 10:24

Navio-plataforma do tipo FPSO – Imagem Petrobras

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One of the main reasons that led Petrobras to suspend the Japanese Modec from bidding was an emergency evacuation of professionals due to a crack in the hull of the platform, which caused a leak of 1,200 liters of oil

The multinational oil and gas company Modec is now cleared to participate in Petrobras’ bids. The suspension period of 13 months for the Japanese company in Petrobras’ tenders came to an end last Saturday (04/30). At that time, the multinational Modec was punished by the Brazilian state-owned company for low performance in the operations of three FPSOs: Cidade do Rio de Janeiro, Cidade de Santos, and Cidade de Niterói.

One of the main reasons that led Petrobras to suspend the Japanese Modec from its bidding was the problems experienced in the FPSO Cidade do Rio de Janeiro, located in the Espadarte field. In 2019, the platform underwent an emergency evacuation of professionals due to a crack in the hull of the unit that led to a leak of 1.2 m³ of residual oil (1,200 liters) in the Campos Basin.

Although the suspension of Modec’s participation in Petrobras’ bidding came into effect at the end of March last year, the punishment did not impact the current contracts between the oil giants. Currently, Modec is constructing two floating production, storage and offloading units (FPSOs) for the state-owned company, namely Anita Garibaldi (Marlim) and Almirante Barroso (Búzios).

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The operation of the FPSO Carioca (Sépia) began in August 2021, and the company is expected to start the operation of the FPSO Guanabara (Mero) in June of this year.

According to the Petronect portal, the Brazilian oil company is holding a tender to contract the FPSO P-80, with proposal submissions scheduled for May 16.

Petrobras Is a Leader in FPSO Operation Worldwide and Will Install the Most Platforms of This Type in the Next Five Years; Units Will Be Installed in Pre-Salt and Post-Salt Areas

Petrobras informed in a relevant fact to the market that the recent discoveries of oil in the pre-salt regions of Alto de Cabo Frio Central and Aram open new exploratory opportunities for Brazil. The discoveries are the result of intensified exploratory efforts by the Brazilian oil company, which plans to invest US$ 5.5 billion in this segment over the next five years. This statement was made by Petrobras’ Executive Strategy Manager, Eduardo Bordieri, who presented the panel “Petrobras Perspectives on O&G Double Resilience” during the Annual Breakfast Offshore of the Brazil-Texas Chamber of Commerce (Bratecc) on 05/04, an event parallel to the Offshore Technology Conference (OTC) in Houston (USA).

Of the total investments planned by Petrobras’ Strategic Plan in new exploratory frontiers, the Southeast Basins (including the pre-salt prospects) will receive 58% of the resources; the Equatorial Margin will receive 38%, and the other areas will receive 2%. “All Petrobras investments aim for double resilience: both economic (considering projects financially viable with Brent prices at US$ 35 in the long run) and environmental (projects with low carbon emissions),” summarized Bordieri.

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Petrobras will put 15 floating production, storage and offloading units (FPSOs) into production over the next five years. Of this total, ten will be installed in the pre-salt and five in the post-salt areas. According to Bordieri, the company has already put a total of 32 FPSOs into operation throughout its recent history, a record in the oil industry. “Today, Petrobras is a leader in FPSO operation worldwide and is the company that will install the largest number of platforms of this type in the next five years, creating value for our stakeholders,” said Bordieri.

Suspension Of The Multinational Modec Ended Last Saturday (April 30): Japanese Company Is Now Free To Participate In Future Petrobras Bids!

One of the main reasons that led Petrobras to suspend the Japanese Modec from bidding was an emergency evacuation of professionals due to a crack in the hull of the platform, which caused a leak of 1,200 liters of oil

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Suspension Of The Multinational Modec Ended Last Saturday (April 30): Japanese Company Is Now Free To Participate In Future Petrobras Bids!

One of the main reasons that led Petrobras to suspend the Japanese Modec from bidding was an emergency evacuation of professionals due to a crack in the hull of the platform, which caused a leak of 1,200 liters of oil

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Petrobras Is a Leader in FPSO Operation Worldwide and Will Install the Most Platforms of This Type in the Next Five Years; Units Will Be Installed in Pre-Salt and Post-Salt Areas

The Brazilian State-Owned Company Has Put a Total of 32 FPSOs into Operation – a Record in the Oil Industry

A “silent skill” is allowing Brazilians to earn up to R$ 22,000 per month without a degree and become indispensable for companies that rely on millions of data to survive.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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