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    Modec to supply FPSO to Equinor in Brazil


The FPSO will have topsides designed to produce approximately 125,000 barrels/day of oil as well as approximately 565mn ft3/day of associated gas. [Image: Modec]

by: Shardul Sharma

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Natural Gas & LNG News, Americas, Corporate, News By Country, Brazil

Modec to supply FPSO to Equinor in Brazil

Japan's Modec and Equinor Brasil Energia have signed an agreement for the supply of a floating production, storage, and offloading (FPSO) vessel to produce the Pao de Acucar, Seat & Gavea field cluster in the BM-C-33 block of the Campos basin offshore Brazil, the Japanese company said on May 10.

The agreement covers both the front end engineering design (FEED) and engineering, procurement, construction, and installation (EPCI) for the entire FPSO, and is a two-phase lump sum turnkey contract. Modec will also provide operations and maintenance services of the FPSO for the first year, after which Equinor plans to take over.

The FPSO will have a minimum storage capacity of 2mn barrels and will produce approximately 125,000 barrels/day of oil and 565mn ft3/day of associated gas. It will be deployed in the giant "pre-salt" region of the Campos basin, approximately 200 km off the coast of Rio de Janeiro, and is expected to be delivered in 2027.

The spread mooring system will be supplied by Modec's subsidiary, Sofec. Equinor's partners in the field are Repsol Sinopec Brazil (35%) and Petrobras (30%). 

Modec has developed a new full double hull design for the FPSO to accommodate larger topsides and storage capacity than conventional VLCC tankers, with a longer design service life. Additionally, the FPSO will be equipped with Modec's fully electrified combined cycle system for power generation, which is expected to significantly reduce carbon emissions compared to conventional gas turbine driven systems.