SCHIEDAM, THE NETHERLANDS--(Marketwire - Apr 2, 2012) -
FPSO Cidade de Ilhabela for Brazil pre-salt area - contract signature
SBM Offshore N.V. is pleased to announce that contracts for the twenty year
charter and operation of FPSO Cidade de Ilhabela for the north part of
field (former Guara Area) development in the pre-salt area, offshore
have been executed with GUARA BV and with BM-S-9 Consortium, established by
companies PETROLEO BRASILEIRO S.A. - PETROBRAS (Operator, 45%), BG E&P
LTDA (30%), and REPSOL SINOPEC BRASIL S.A. (25%). Affiliates of the Company
together with Queiroz Galvão Óleo e Gás S.A (QGOG) had been
awarded two Letters
of Intent (LOI) on 3 August 2011 for this work.
The unit will be owned and operated by a Joint Venture comprising of
companies of SBM Offshore and QGOG, and Mitsubishi Corporation.
The Sapinhoá field is located in block BM-S-9 in the Santos basin at
approximately 300 kilometres offshore and 2,140 metres water depth. The
will include topside facilities to process 150,000 bpd of production
associated gas treatment for 6,000,000 Sm(3)/d with compression and carbon
dioxide removal, hydrogen sulphide removal, and a water injection facility
First production from the FPSO is planned for the second half of 2014.
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Source: SBM Offshore N.V. via Thomson Reuters ONE