Petrobras to Start Construction of Platform P-56

Petrobras has signed an agreement for the construction of the P-56 semi-submersible platform October 30, aiming at anticipating production at Marlim Sul field’s Module 3.

The new unit will be a copy of the P-51, the first semi-submersible-type platform built entirely in Brazil. The agreement, signed with the FSTP Consortium (Keppel Fels and Technip) and worth $1,199,115,765.60, includes the platform’s engineering, supply, construction and assembly (hull and process plant) services.

The construction work will involve two other agreements, which will be signed tomorrow: one for the provision and supply of the gas compression modules, worth $ 141.4 million, with Nuovo Pignone S.p.A.; the other for the provision, assembly, operation, and maintenance of the power modules, worth $139,780,000, with Rolls-Royce Energy Systems Inc. and UTC Engenharia S.A.

The same companies in charge of building the P-51 were hired to do the work for the P-56, since one project is a copy of the other and this will allow production to be anticipated at Marlim Sul. By adopting the strategy of using an existing platform’s project, it will be possible to recover production that has been delayed by the hold-ups in the P-55 and P-57 projects, the bidding for which had to be canceled due to excessively high prices. The P-56 will be positioned at depths of 1,700 meters and about 124 kilometers off the coast. Capable of processing and treating 170,000 barrels of liquids and 100,000 barrels of 16º API oil, 6 million cubic meters of natural gas, and of injecting some 280,000 barrels of water in the reservoir, the P-56 will operate connected to 22 wells, 11 of which are oil and gas producers and 11 are used to inject water.

The platform will weigh 50,000 tons, be 110 meters long and wide, 125 meters tall and be dimensioned to operate for 25 years.

This production unit, one of the largest of its dimensions in the world, is expected to kick its commercial operations of in late 2010 and to contribute to Petrobras reaching the oil and gas production goals the company’s Strategic Plan calls for.

The three agreements for the P-56, as was the case with the P-51 platform, ensure the engineering, equipment module, hull and topside construction services, as well as the services carried out to integrate the modules to the hull will be performed in Brazil, generating upwards of 4,800 direct jobs. This will be the second semi-submersible hull to be built entirely in Brazil, specifically in the State of Rio de Janeiro.

Additionally, the minimum domestic content requirement (already used successfully for the P-51) to build the P-56, which represents 60% of the topsides (upper portion of the platform) and the construction of the hull in Brazil, will allow for the creation of a significant number of indirect jobs, some 20,000, to support the engineering, construction and assembly services, guaranteeing the continuity and sustainability of the Brazilian naval and capital goods industries.