SBM Offshore signed a US $ 1.25 billion contract with Petrobas for the turnkey supply of a P-57 FPSO. SBM will install the FPSO on the Jubarte field offshore Brazil.
The contract includes three years of operating services. The unit is one size up from previously supplied or leased FPSOs and has the capacity to produce 180,000 barrels of oil per day with total gas compression of 71 MMscfd.
The FPSO is likely to be converted in Singapore using one of the SBM VLCC tankers from its inventory – the ‘Accord’. The topsides will be integrated in Brazil in accordance with new local content requirements.
The delivery of the unit in Brazil, ready for installation, is planned for end of 2010.
Source: https://www.sbmoffshore.com/[SBM Offshore]
