The LoI includes a firm 21-year charter and operations. This will also be the first chartered production floater operating in the region, MODEC said.
Búzios is one of the fields in the Transfer of Rights agreement awarded to Petrobras in 2010. The location is 180 km (112 mi) from the coast of Rio de Janeiro, in a water depth of around 1,900 m (6,233 ft).
MODEC’s scope covers engineering, procurement, construction, mobilization chartering and operations, including topsides processing equipment, the hull and marine systems. Its subsidiary SOFEC will design and supply the spread mooring system.
The vessel will be capable of processing 150,000 b/d of crude oil and 212 MMcf/d of gas, with water injection capacity of 240,000 b/d and minimum storage for 1.4 MMbbl of crude. First oil is expected in 2022.
This will be MODEC’s eighth FPSO in the presalt following Cidade de Angra dos Reis MV22, Cidade de São Paulo MV23, Cidade de Mangaratiba MV24, Cidade de Itaguaí MV26, Cidade de Caraguatatuba MV27, and its two latest vessels Carioca MV30 and Guanabara MV31, are both under construction.