Brazil floater: Petrobras signs up Guara FPSO.
Petrobras signs up Guara floater
Brazilian oil giant Petrobras has signed a letter of intent with engineering company Schahin and Japan’s Modec for the chartering of one floating production, storage and offloading vessel.
The FPSO will be chartered for 15 years and will be used for a pilot project in the Guara prospect in Block BM-S-9 in the Santos basin pre-salt province.
The Schahin/Modec consortium originally offered a dayrate of $576,140 plus an operating fee of 114,705 Brazilian reais ($62,000) to supply the floater.
It is understood that Petrobras was able to shave off the unit’s dayrate to around $500,000.
The FPSO will offer capacity for up to 120,000 barrels of oil per day and nearly 5 million cubic metres of natural gas per day.
Guara holds between 1.1 billion and 2 billion barrels of oil equivalent. The pilot project is being prepared to go on stream in 2013.
