FPSO Cidade de Saquarema Commences Ops at Brazil's Offshore Lula Field
SBM Offshore reported Tuesday that FPSO Cidade de Saquarema formally commenced a contract July 8 after achieving first oil and the completion of a 72-hour continuous production test in the pre-salt province in BM-S-11 block offshore Brazil leading to Final Acceptance of the floating production facility.
The floating production, storage and offloading (FPSO) vessel, installed in the Lula field, will operate under a 20-year charter with Tupi BV as well as an operations contract with the BM-S-11 consortium.
Partners in the BM-S-11 block comprised Petrobras (65 percent), Shell's subsidiary BG E&P Brasil Ltda (25 percent) and Petrogal Brasil S.A. (10 percent).
The FPSO is owned and operated by a joint venture owned by affiliated units of SBM Offshore, Mitsubishi Corp., Nippon Yusen Kabushiki Kaisha, and Queiroz Galvao Oleo e Gas S.A. in which SBM Offshore holds a 56 percent stake.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Chevron Becomes Texas Refiner (May 02)
- Petrobras Hires Transocean Drillships (Mar 11)
- 8-Year Petrobras Contract Starts for TechnipFMC-DOF (Feb 19)
Company: SBM Offshore N.V. more info
- Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges (Nov 09)
- SBM Offshore, Repsol to Get $247 Million in Yme Insurance Settlement (Jul 17)
- Weak Oil Pushes SBM Offshore To Axe More Jobs (Aug 10)