TOKYO -- MODEC's FPSO Cidade de Niteroi MV18 has achieved first oil and the charter agreement has begun. The vessel is leased to Brazilian national oil company Petrobras. The contract is a nine-year lease with six one-year options.
The spread-moored FPSO is capable of processing 100,000 b/d of oil, has a gas compression capacity of 124 MMcf/d, and oil storage capacity of 1.6 MMbbl.
The vessel is located on the Marlin East field in the reservoir known as Jabuti in the Campos basin, offshore Brazil in approximately 1,500 m (4,921 ft) water depth.