Ultratec to Invest US$7.8mn in Shipyard Expansion to Build FPSO

Brazilian engineering company Ultratec will invest 17mn reais (US$7.8mn) to expand its shipyard in Rio de Janeiro state in preparation for the construction of the P-53 floating production, storage and offloading vessel (FPSO), the Rio de Janeiro state government's naval industry and energy department said in a statement.

Federal energy company Petrobras (NYSE: PBR) will lease the FPSO from special purposed company CDC.

Ultratec is part of the Quip consortium that CDC has hired to carry out the P-53's topside assembly.

Ultratec will expand the shipyard's area to 78,000 square meters from 45,000 square meters and increase the length of the shipyard to 50m from 30m and its depth to 7m from 6m, the statement said.

Part of the P-53 topside will be built in Rio de Janeiro and part in Rio Grande do Sul state. The hull will come from Singapore, where shipbuilder Keppel is converting an existing ship into the FPSO.

Overall construction is scheduled to wrap up in September 2007, when the FPSO will be towed to the deepwater Marlim Leste field in the Campos basin.

The P-53 will have the capacity to produce 180,000 barrels of oil and 6 million cubic meters of natural gas a day.

About Business News Americas: Business News Americas is a multilingual news and business information service that covers the most important original stories in 11 different business sectors throughout Latin America everyday. Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Electrical Technician
Location: Odessa, TX
Structural Engineer, USA
Expertise: Structural Engineering
Location: USA
Commissioning Engineer (Water Treatment)
Expertise: Construction Engineer
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours