Japan’s MODEC inked a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, to supply a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil, the largest FPSO facility ever delivered to Brazil.
Specifically, MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in December 2018 and has now been selected as the turnkey contractor based upon its successful execution of the Pre-FEED contract and its response to the subsequent Invitation to Tender (ITT).
The contract consists of a two-step award. The FEED and pre-investment are starting now, with an option for the execution phase under a lump sum turnkey contract setup which includes engineering, procurement, construction and installation for the entire FPSO scopes.
The option for the contract will be made by Equinor’s planned investment decision for the Bacalhau project late 2020
Concerning the FPSO, it will be deployed at the Bacalhau field, Block BM-S-8, located in the giant “pre-salt” region of the Santos Basin some 185 kilometers off the coast of the municipality of Ilhabela/SP, in the state of São Paulo.
The Japanese company will be the one responsible for the design and the construction of the FPSO, which will be permanently moored at a water depth of approximately 2,050 meters by a spread mooring system to be supplied by MODEC group company, SOFEC, Inc.
The partners expect the first oil production between 2023-2024.
The company highlights that
The FPSO will be the largest FPSO ever delivered to Brazil.
It will include a large topside designed for the production of up to 220,000 barrels of crude oil per day, produce and inject up to 530 million standard cubic feet of associated gas per day and inject up to 200,000 barrels of seawater per day. Its minimum storage capacity of crude oil will be 2,000,000 barrels.
The FPSO will be MODEC’s 17th FPSO/FSO vessel in Brazil and MODEC’s 9th FPSO in the pre-salt region, as well as MODEC’s first contract with Equinor.
