Brazilian state-controlled oil company Petrobras has received bids from four floater specialists in a race to supply a pair of floating production, storage and offloading vessels for the Libra and Sepia pre-salt projects in the Santos basin.
Sources told Upstream that Japan’s Modec International, SBM Offshore of the Netherlands and Norway’s BW Offshore submitted proposals for the Libra pilot FPSO, while Modec, SBM and compatriot Bluewater presented offers for the Sepia floater.
Bids were submitted last Friday, Upstream was told.
Another source said Bluewater and Malaysian player Bumi Armada were also ready to submit offers for Libra and Sepia, respectively, but backed out at the last minute.
The Petrobras bidding committee is now expected to analyse the technical aspects of all proposals before commercial prices are disclosed. One source said this process may take several weeks.
The Libra pilot FPSO will have capacity to produce 180,000 barrels per day of oil and will be equipped with natural gas processing and compression facilities handling up to 12 million cubic metres per day.
The Libra floater will be contracted by Petrobras for a 22-year period on behalf of a production sharing consortium in which Anglo-Dutch supermajor Shell, French supermajor Total, China National Petroleum Corporation and China National Offshore Oil Corporation are partners.
The Sepia FPSO will be chartered for 13 years, with an option to renew it for another eight years, and will be able to handle 180,000 bpd and 5 MMcmd.
Both units are due to enter operations in 2020.
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