SBM Offshore wins Mero 2 FPSO tender and returns to the Brazilian market.

SBM Offshore is back in the Brazilian sector of FPSOs and walking on top. The Dutch company won the tender for the construction of the Mero 2 FPSO, which will operate in the Libra block. The unit will have capacity to process up to 180,000 barrels of crude oil and compress 12 million cubic meters of gas per day. The charter contract will last at least 22 years and is particularly symbolic for SBM, which overcame recent difficulties, turned the page and once again hired by Petrobras.

To remember, SBM was released again to be contracted in Brazil after the homologation of its leniency agreement with the Federal Public Ministry (MPF). Thus, with the formalization of this understanding and the payment of a fine of R $ 200 million, the misconduct filed against the company was terminated in 2017, giving the green light to the FPSO market giant to return to compete in Brazil.

With the presentation of the lowest price by SBM, now the process of validating the result by Petrobras begins. The expectation is that the Mero 2 FPSO will be ready to go into operation by the year 2022. The unit will operate in a water depth of about 2,000 meters and will have similar characteristics to the Mero 1 project, with some optimizations implemented.

The Mero field is operated by the Libra Consortium, led by Petrobras – with a 40% stake – in partnership with Shell (20%); Total (20%); CNPC (10%) and CNOOC Limited (10%), with Pre-Sal Petróleo (PPSA) as manager of the Production Sharing Agreement.

Source: PetroNews

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