Ultratec expands Rio shipyard to build FPSO

Brazilian engineering company Ultratec will invest 17 million reais ($7.8 million) to expand its shipyard in Rio de Janeiro state in preparation for the construction of the P-53 floating production, storage and offloading vessel (FPSO).

Offshore staff

(Brazil)- Brazilian engineering company Ultratec will invest 17 million reais ($7.8 million) to expand its shipyard in Rio de Janeiro state in preparation for the construction of theP-53 floating production, storage and offloading vessel (FPSO), according to a statement by the Rio de Janeiro state government's naval industry and energy department.

Federal energy company Petrobras will lease the FPSO from special purposed company CDC. Ultratec is part of the Quip consortium that CDC has hired to carry out theP-53's topside assembly.

Ultratec plans to expand its shipyard's area to 78,000 sq m from 45,000 sq m and increase the length of the shipyard to 50m from 30m and its depth to 7m from 6m.
Part of the P-53 topside will be built in Rio de Janeiro and part in Rio Grande do Sul state. The hull will come from Singapore, where shipbuilder Keppel is converting an existing ship into the FPSO.

Overall construction is scheduled to wrap up in September 2007, when the FPSO will be towed to the deepwater Marlim Leste field in the Campos basin.

TheP-53 will have the capacity to produce 180,000 b/d of oil and 6 MMcm/d of natural gas.

02/09/2006

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