Major Modec FPSO leaves Rio boatyard, headed to Petrobras' Sepia field

Modec

05/07/2021 15:25

By Marta Nogueira
    RIO DE JANEIRO, July 5 (Reuters) - A major offshore oil
platform has left a Rio de Janeiro boatyard, en route to
Petrobras' Sepia field, where it will begin production in
August, Japanese ocean engineering company Modec Inc  6269.T 
told Reuters on Monday.
    The platform, known as an FPSO, will be the largest in
Brazil, with daily processing capacity of 180,000 barrels of oil
and 6 million cubic meters of gas. The FPSO, effectively a
massive ship that facilitates the extraction, transport and
processing of oil and gas, will also have a storage capacity of
1.4 million barrels, Modec said.
    The FPSO, known as the Carioca, is the only offshore
platform serving state-run Petrobras, formally Petroleo
Brasileiro SA  PETR4.SA , to come on-line this year. In 2022,
two more Modec FPSOs are scheduled to come on-line at major
Petrobras fields, known as Mero and Buzios.
    Brazil is one of the world's hottest deepwater plays and is
the world's largest market for FPSOs, which typically cost
billions of dollars each to build and operate.

    

 (Reporting by Marta Nogueira; Writing by Gram Slattery; Editing
by Andrea Ricci)
 ((gram.slattery@thomsonreuters.com; +55-11-95057-1453))