August 3, 2021

An illustration of a Fast4Ward FPSO. The image does not reflect the final look of the FPSO Alexandre de Gusmão. (© SBM Offshore)

Dutch FPSO leasing specialist SBM Offshore said it has signed a letter of intent with Petrobras to lease and operate a new floating production, storage and offloading unit (FPSO) on the Mero field in the basin de Santos off Brazil. SBM did not disclose financial details of the 22.5-year lease and operating contracts.

The FPSO, to be called Alexandre de Gusmão, will be designed and built using SBM’s Fast4Ward program incorporating the company’s new Multipurpose Float Hull (MPF) combined with several standardized topside modules. SBM Offshore’s fifth MPF hull was assigned to this project. Completion of the FPSO is expected in 2024.

SBM said the FPSO will be designed to produce 180,000 barrels of oil per day and process 12 million standard cubic meters of gas per day. In addition, the unit will have a water injection capacity of 250,000 barrels per day and a minimum storage capacity of 1.4 million barrels of crude oil. The unit will be moored at approximately 1,900 meters of water depth, approximately 160 kilometers from Arraial do Cabo, in the state of Rio de Janeiro.

The Libra block, where the Mero field is located, is the subject of a production sharing agreement with a consortium made up of Petrobras with 40%, Shell Brasil with 20%, Total Energies with 20%, CNODC and CNOOC with 10% each and the state-owned company Pré-Sal Petróleo SA as manager of the production sharing contract.

Bruno Chabas, CEO of SBM Offshore, said: “The signing of this letter of intent is the second major project awarded this year by our key client Petrobras. Our industry-leading Fast4Ward program continues to meet clients’ needs for the development of complex, large-scale FPSOs that deliver cost-effective, low-GHG-intensive solutions.

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