OSLO, Norway –Petrobras America Inc. has selected BW Offshore Ltd. to convert, install, and operate an FPSO at Chinook Cascade in the US GoM. The $740-million contract, subject to Petrobras' and partners' board approvals, also will cover delivery and installation of an APL disconnectable submerged turret production buoy and mooring system.
According to Petrobras, the scheduled calls for installation of the FPSO early in 2010 with first production in 1Q 2010. The FPSO is specified to have 600,000 bbl of oil storage capacity, 80,000 b/d processing capacity, and 16 MMcf/d of natural gas export capacity. Water depth at Chinook Cascade is 2,600 m (8,530 ft).