Uncategorized

Itapu’s FPSO tender may come out this year

10/1/18

Petrobras is expected to launch the tender to contract Itapu’s FPSO in the Santos Basin pre-salt in 2018. With the first oil planned for 2021, the platform will have the capacity to produce 120,000 barrels of oil per day.

Sources believe that Petrobras may choose, as an alternative to chartering, the contractual modalities of EPC (Engineering, Supplies and Construction) or BOT (Built-Operate-Transfer), in which the oil company takes over the operation after its stabilization.

With this, the company would be safeguarding against eventual loss of competitiveness of the tender. This is because the main players are involved in three other bids for chartering FPSOs promoted by the state company: Mero 2, Parque das Baleias and Marlim 1 e 2.

“If Petrobras enters the market with one more charter, maybe there will be only one or two players in Itapu,” predicts an industry executive.

In addition to Modec, which has already won the Mero 1 and Sepia contracts, companies such as SBM, Teekay, Misc, the Petronas group, and Malaysian Yinson are bidding on the market to prepare their offers.

However, Petrobras’ director of Production & Technology Development, Hugo Repsold, said in August that the company plans to resume contracting its own FPSOs only in the case of units with operations starting in 2023.

The project

Itapu has in situ volumes of oil in the order of 1.3 billion barrels of oil. The current forecast is that the field will produce for 30 years, between 2021 and 2050.

The designed production system provides for the connection of five producing wells, two water injectors and two gas injectors. In addition to the injection, the gas can be drained through the pre-salt pipeline network – Rota 1 (Caraguatatuba), Rota 2 (Cabiúnas) and Rota 3 (Comperj, in implantation).

Located in the pre-salt of the Santos Basin, Itapu is in a water depth of 2,000 meters, about 200 km from the coast of Rio de Janeiro.

Source: Brazil Energy

Categories: Uncategorized

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