Mitsubishi Corporation Participates in FPSO Project in Brazil

Source Press Release
Company Mitsubishi CorporationNippon Yusen Kabushiki KaishaSBM Offshore N.V. 
Tags Asset Deals, Deals, Oil Services
Date December 13, 2019

Contract Signed with Petróleo Brasileiro S.A. for Charter, Operation and Maintenance of FPSO

This will be MC’s fifth joint FPSO project with SBM and its first in six years in Brazil, the last being the Cidade de Marica and Cidade de Saquarema FPSOs in 2013. MC plans to continue expanding its FPSO and other offshore businesses around the world.

Outline of FPSO

Oil Production Capacity  180,000 bbl/day 
Gas Production Capacity  12 million cubic meter/day 
Oil Storage Capacity  1.4 million bbl 
Water Injection Capacity  250,000 bbl/day 
Mooring Type  Spread Mooring 
Percentage of Participation  SBM 64.5%, MC 20%, NYK 15.5% 
Charter Period  22.5 years 

*1. FPSO

A floating production, storage and offloading unit is a floating vessel used to store crude oil produced from offshore oil fields after removing solid materials, water and gas, before it can be offloaded onto a tanker for shipment or transported through a pipeline.

*2. Mero field

An offshore oil field located 180 kilometers off the coast of Rio de Janeiro, Brazil at a depth of 2,000 meters. Mero is owned by a consortium of companies that includes Petrobras, Shell and others.

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