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Keppel FELS Brasil has won a US $200 million floating production, storage, and offloading (FPSO) vessel topside contract from repeat joint venture (JV) customer MODEC and Toyo Offshore Production Systems Ptd Ltd. (MTOPS) of Japan.
Parent company Keppel Offshore & Marine Ltd. (Keppel O&M) said its subsidiary secured the contract from the JV company established in Singapore, with the job entailing the fabrication and integration of topside modules for the FPSO vessel Cidade de Mangaratiba MV24 at Keppel FELS Brasil’s BrasFELS yard in Angra dos Reis, Rio de Janeiro, Brazil.
Scheduled to be completed by Q2 2014, the FPSO will have a production capacity of 150,000 b/d of oil and an oil storage capacity of 1.6 million barrels. It will be chartered to Tupi B.V., a Dutch company owned by Petrobras Netherlands B.V. (65%), BG Overseas Holding Ltd. (25%), and GALP Energia E&P Brasil B.V. (10%), for 20 years and deployed on the deepwater Lula-Iracema South field area offshore Brazil.
Work is expected to start at BrasFELS in the 4Q this year. The major work scope includes fabrication of the helideck, flare tower, risers, manifolds, waste heat recovery units, sulphate removal unit, water injection unit, and integration.
The first project between Keppel and MTOPS on the fabrication and integration of topside modules for the FPSO Cidade de Sao Paulo was contracted in February 2011. Work on that project is progressing on track and is expected to be completed by the fourth quarter of this year.