Petrobras Prepares Tender for 30,000b/d FPSO

Brazil's federal energy company Petrobras (NYSE: PBR) plans to start the tender process next week for construction of a new floating, production, storage and offloading (FPSO) vessel with capacity of some 30,000 barrels a day, news service Agencia Estado reported.

As such, Petrobras plans to send invitation letters for the tender to international offshore support companies including Japan's Modec, Italy's Saipem and SBM and Norway's Frontier Drilling and Prosafe, the news service reported.

The FPSO would be used for production tests in priority oilfields. Petrobras already leases a low-capacity FPSO called Seillean in the area from US offshore support company Single Buoy Moorings.

The program is known as PIPA (the Portuguese acronym for forward itinerant production project) and allows Petrobras to focus on specific projects to develop them faster.

The new FPSO has to be delivered at the start of 2008 and will need to have a minimum national content of 7-10% and capacity to work at water depths of 2,500 meters.

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