GE to Supply Compression Modules for New FPU Offshore Brazil

GE Energy will supply two compression modules to Petrobras Netherlands BV for a new floating production unit (FPU) to be located in the Campos Basin, off the coast of Brazil.

Owned by Petrobras of Brazil, the new FPU, designated P52, will be the largest offshore facility in Brazil to extract oil and gas at a water depth of approximately 2,000 meters. It is expected to produce approximately 180,000 barrels of oil per day, or 10% of the total national production, plus nine million standard cubic meters per day of associated gas.

The two compression modules each will encompass three motor compressor trains. The scope of the supply includes engineering, construction and assembly, commissioning and tests, transportation and delivery of the modules, and training. Also included will be technical assistance during the construction, assembly, testing, commissioning, pre-operation and start-up of the semi-submersible units.

The equipment will be manufactured at GE Energy's facilities in Florence, Italy. The modules will be shipped by August of 2005 for installation on the P52 platform by Petrobras.

Commercial operation is expected by 2007.

The P52 facility will operate off the Rio de Janeiro state coast in the Roncador field of the Campos Basin, which accounts for more than 80 percent of Brazil's total oil output. "This project continues our long-standing relationship with Petrobras, one of the world's leading oil and gas companies," said Claudi Santiago, president of GE Energy's oil and gas operations. "We are pleased that our compressor technology has been selected to support this very significant endeavor."