Enterprise Selects FMC/Modec to Build Platform Offshore Brazil

Enterprise Oil has signed a letter of intent with a consortium of US companies FMC Energy Systems and its sister company Modec International to provide a floating production, storage and offloading (FPSO) vessel and subsea development for the Bijupira and Salema fields in the Bacia de Campos basin, offshore Rio de Janeiro state. The contract is valued at approximately US $270 million. FMC/Modec beat out four rivals including SBM, Nortrans and Brown & Root/Bluewater.

An existing vessel will be converted into an FPSO facility. The FPSO is initially expected to have an oil processing capacity of 70,000 barrels per day (bpd) and storage capacity of one million barrels, and sub-sea development including 15 wells tied back via manifolds. The platform will be built in the Gulf of Mexico,.

The two fields are located adjacent to each other in the Campos Basin, approximately 174 miles from Rio de Janeiro, in water depths ranging from 1,575 feet to 2,890 feet. The Bijupira and Salema crude oils are relatively light (28° API and 31° API, respectively) and deposited in an Eocene age sandstone reservoir of Carapebus formation. Artificial lift will be required to raise the reservoir fluids to surface for processing, with reservoir pressure maintained by the injection of high-pressure seawater to assist oil recovery.