Petrobras postpones bidding for three FPSOs

06/13/18

Petrobras postponed the delivery date of bidding proposals to charter two new FPSOs to Marlim and an FPSO to Parque das Baleias, in the Campos Basin. Both tenders were due to open on 20 June. The date of Marlim was redirected to 9 of August and the one of the Parque das Baleias to 10 of December. The tendency is that next week the oil company will also extend the bidding deadline for Mero 2.

Launched in January, Marlim’s competition foresees the chartering of two FPSOs, one with capacity to produce 80,000 barrels / day (Marlim I) and another to 70,000 barrels / day (Marlim II), which will be chartered for 25 years and not will require national content because they are zero round projects.

The FPSO Marlim I will have to be delivered in 974 days and the second unit will have to be ready for operation sequentially in 1,065 days, exact three months after the first. According to the Business Plan 2018-2022, the first oil of the two FPSOs will occur in 2021.

The new unit at Parque das Baleias will have the capacity to produce 100,000 barrels / day of oil and compress 5 million m3 / day of gas. The FPSO charter term will be 22 ½ years with scheduled start-up in 2021. The unit will have the capacity to stock up to 1 million barrels of oil.

As anticipated by Brasil Energia, Petrobras was analyzing the possibility of postponing the delivery date of the proposals since May. The extension was taken for granted, especially after SBM did not submit a bid in the Búzios V FPSO tender.

The postponement strategy should be extended to the tender for the charter of an FPSO for the Mero II project, whose delivery of proposals is scheduled for June 29.

Source: Brazil Energy

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