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Oil production starts at third FPSO unit off the shore of Brazil
In July, a third floating production, storage, and offloading (FPSO) unit deployed by NYK for the BM-S-11 consortium through a joint venture company started oil production in a pre-salt area off Brazil, the company said in its press release. This FPSO unit, FPSO Cidade de Saquarema, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK and the Mitsubishi Corporation (51.28 percent; head office: Tokyo; president & CEO: Takehiko Kakiuchi). The joint venture has a 20-year time charter contract with Petroleo Brasileiro S.A. (Petrobras) to operate the FSPO.
Brazil's Petrobras bringing two FPSO platforms online
Brazil's state-led oil company Petroleo Brasileiro SA is working hard to meet its production targets, the company's head of exploration and production, Solange Guedes, said on Monday in a telephone interview Guedes said the company's floating, production, storage and offloading ship (FPSO) named Cidade de Saquarema could begin operations in the Lula Central field this month and that she expects that Cidade de Caraguatatuba FPSO in the Lapa field to start operations in August. Source: Reuters
China delivers oil production vessel to Brazil’s Petrobras
A major Chinese shipbuilder on Tuesday delivered a huge floating oil and gas production, storage and offloading (FPSO) vessel to Brazil’s state-run oil company Petrobras. The FPSO Cidade de Saquarema has a daily processing capacity of 150,000 barrels of crude oil and 6 million cubic feet of gas. It has a storage capacity of 1.6 million barrels of crude oil. China State Shipping Corporation and Dutch-based SBM Offshore are contractors of the refurbishment and conversion of the once super large oil tanker. The FPSO Cidade de Saquarema is now 346.5 meters long and 58 meters wide, with a deck as large as three soccer stadiums. Source: China Mining Association
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