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Libra Consortium signs contract for FPSO for Mero Field

Tuesday, 09 Jan 2018

Japanese offshore floating platform operator Modec has been hired by a consortium led by Brazilian oil company Petrobras to build and operate a floating production storage and offloading (FPSO) vessel.

Under the terms of the deal from the Libra consortium led by Petrobras, Modec
will undertake engineering, procurement, construction, mobilisation, installation and operation of the FPSO.
This will include topsides processing equipment as well as hull and marine systems. Sofec, a Modec company, will undertake design and supply of the spread mooring system. The FPSO will be capable of processing 180,000 barrels of crude oil per day, 12 million cu.m of gas per day, 225,000 barrels of water injection per day and will have storage capacity of 1.4 million barrels of crude oil, Modec said. The vessel is intended for deployment at the Mero field in the giant pre-salt oilfields some 180 kilometres off the coast of Rio de Janeiro at
a water depth of about 2,100 m. The first oil production by the FPSO is planned for 2021. The Libra consortium comprises Petrobras, Shell Brasil, Total, CNPC and CNOOC Limited.

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