Brazilian independent OGPar is on the hunt for two small floating production, storage and offloading vessels to continue oil output at its battered Tubarao Martelo and Tubarao Azul shallow-water fields in the Campos basin.
The idea is to switch the two existing large FPSOs at the fields for considerably smaller units, each with capacity to produce between 10,000 and 20,000 barrels per day of oil, in order to reduce costs and try to make Tubarao Martelo and Tubarao Azul profitable even in a scenario of Brent crude prices at about $50 per barrel.
“We
