Petrobras, following up on the release disclosed on November 12, 2021, informs that today it signed the contracts with the companies Yinson Bergenia Production B.V. and Yinson Bergenia Serviços de Operação LTDA, both from Yinson Production PTE Ltd. Group, for the chartering and provision of services of the Maria Quitéria FPSO for the Parque das Baleias Integrated Project, to be installed in the Jubarte Field, located in the north of Campos Basin. The contracts follow the same parameters of the letters of intent signed in November 2021. The unit is expected to start production in the fourth quarter of 2024.
The unit will have the capacity to process 100 thousand barrels of oil and 5 million m3 of gas per day. The chartering and service contracts will last 22 years and 6 months from the unit's final acceptance.
The project foresees the interconnection of 17 wells to the FPSO, nine of them oil producers and eight water injectors.
About the Parque das Baleias Integrated Project
The Parque das Baleias area is formed by the Jubarte, Baleia Anã, Cachalote, Caxaréu, Pirambú and Mangangá fields. The first field, Jubarte, was discovered in 2001. In 2019, Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) entered into an agreement to extend the concession term until 2056 for the new unified Jubarte field, which makes it possible to implement the new production system of the Parque das Baleias Integrated Project, in addition to complementary projects in the area. Currently, four platforms are in operation: P-57, P-58, Cidade de Anchieta FPSO, and Capixaba FPSO, this latter operating only until 2022.
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.
About Yinson Holdings Berhad
Yinson Holdings Berhad (“Yinson” or the “Group”) is a global energy infrastructure and technology company, listed on the Main Market of Bursa Malaysia Securities Berhad.
Yinson currently invests in four business divisions - Offshore Production, Renewables, Green Technologies and Offshore Marine. Our geographical presence extends across the world, from West Africa, the Americas, Europe and Southeast Asia.
Yinson was established in 1983 as a transport agency in Johor Bahru. In 2011, the Group ventured into offshore production through a joint venture with PetroVietnam Technical Services Corporation to build two offshore production assets. In 2014, Yinson transformed to become a full-scale execution and service FPSO provider through the acquisition of Fred Olsen Production ASA and subsequent divestment of its non-oil & gas business segments. Today, with a fleet of 7 offshore production assets, Yinson has grown to become one of the largest independent FPSO leasing companies in the global FPSO market.
Yinson diversified into renewables in 2019, and targets to become one of the leading clean energy independent power producers (IPPs) globally. Its renewables footprint is rapidly expanding, positioning renewables as a major revenue stream for the Group. Yinson established its Green Technologies Division in 2020, with the aim of accelerating the transition to a net zero world through investments in green technologies.