Mitsubishi Corporation (MC) said that together with Nippon Yusen Kabushiki Kaisha (NYK Line) it has entered into a joint venture with SBM Offshore N.V. (SBM), a global leader in the FPSO sector, for the charter, operation and maintenance of a Floating, Production, Storage and Offloading (FPSO) system for Petrobras.
To be installed at the Mero Oil Field (*2) off the Brazilian coast, this FPSO, named FPSO Sepetiba, is scheduled to commence operations in 2022. Through its participation, MC will help develop and ensure stable production from offshore oil and gas resources in Brazil.
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.
General characteristics of the FPSO
Oil production capacity: 180,000 bbl/day; gas production capacity: 12 million cbm/d; oil storage capacity: 1.4 million bbl; water injection capacity: 250,000 bbl/d; mooring type: spread mooring; percentage of participation: SBM - 64.5%, MC - 20%, NYK - 15.5%; charter period: 22.5 years.
Mitsubishi Corporation based in Tokyo is a global integrated business enterprise that is comprised of 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development.
Tokyo-headquartered Nippon Yusen Kaisha (NYK Line) is the largest shipping company in the world. NYK Line operates a fleet of over 700 vessels and its own fleet of large containers. The company’s workforce of more than 33,000 employees enables its operations worldwide. Container terminals, warehouses and logistics centers of NYK Line are located in Asia, Europe and North America.
Netherland based SBM Offshore provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company’s main activities are the design, supply, installation, operation and life extension of FPSO vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis.