MODEC, Inc. (MODEC) announced that the FPSO Carioca MV30, deployed for operations in the Sépia field in the “pre-salt” region of the Santos Basin off the coast of Brazil, achieved the First Oil production on August 23, 2021.
The FPSO is leased on a 21-year time charter contract to Petróleo Brasileiro S.A. (Petrobras), the Brazilian state oil company. Moored some 200 kilometers off the coast of Rio de Janeiro, in a water depth of approximately 2,200 meters, the FPSO is capable of processing 180,000 barrels of crude oil per day, 212 million standard cubic feet of gas per day, 240,000 barrels of water injection per day and has storage capacity of 1,400,000 barrels of crude oil.
MODEC was responsible for the engineering, procurement, construction, mobilization and installation of the FPSO, including topsides processing equipment as well as hull and marine systems. SOFEC, Inc., a MODEC group company, designed and provided the spread mooring system of the FPSO.
This is the 13th unit that MODEC has delivered to the Brazilian oil & gas sector, as well as MODEC’s 6th FPSO in the “pre-salt”. MODEC currently operates 10 units in Brazil and has four (4) others under construction for the country.
“We are extremely proud of this achievement while facing the difficulties of COVID-19 pandemic,” commented Takeshi Kanamori, President and CEO of MODEC. “We continue to enhance our fleet in Brazil, with additionally four FPSOs to enter into operations within the coming few years. We are committed to carry out this major and long-term project as well as other ongoing projects by cooperating closely with our clients in order to contribute to the sustainability of the energy industry in Brazil.”
About MODEC
MODEC Offshore Production Systems (Singapore) Pte. Ltd. is a subsidiary of MODEC, Inc. MODEC is a general contractor specialising in engineering, procurement, construction and installation of floating production systems including FPSO vessels, FSO vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Floating LNG vessels, Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters. MODEC provides Floating Production System operation and maintenance services around the world.
About Petrobras
Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.
We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.