Mero 2 FPSO close to signature

5/21/2019

SBM’s hiring for the Mero 2 FPSO charter is already under review by the boards of Shell, Total, CNPC and CNOOC, Petrobras partners in the Santos Basin production sharing project. It is expected that the agreement between the Brazilian oil company and the FPSO operator will be signed in June.
SBM presented the lowest price in Petrobras’ bidding, with a rate of less than US $ 720 thousand / day, overriding Modec, which would have offered an amount higher than US $ 800 thousand / day. Once the charter is approved by the partners, the contract will be forwarded to the final homologation of the Brazilian oil company, which operates the asset in the pre-salt.
The signing of the agreement will mark the return of the SBM after a long period of blockade with Petrobras. The group was prevented from signing new contracts with the Brazilian oil company for three years, due to corruption scandals, and was only released at the end of 2018, after closing a leniency agreement with Brazilian authorities.
The Mero 2 FPSO will have the capacity to produce 180,000 b / d of oil and compress 12 million m³ / d of gas. The unit will be chartered for 22 years and five months and will have to be ready for operation in 2022.
Mero’s first definitive unit is being built by Modec in China. Named FPSO Guanabara, the system will start operating in 2021.
Source: Brazil Energy

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