BW Offshore has placed the lowest bid to provide Petrobras with a compact floating production, storage and offloading unit to perform extended well tests on the giant Tupi discovery and other subsalt fields.
The Norwegian company bid a day rate of $140,432 with a purchase option of $189 million exercisable on the fifth year of the 10-year contract, and is now in-line to pick up its first charter contract in Brazil. Teekay submitted the second lowest bid rate for the Tupi unit, bidding a day rate of $174,000 followed by Bluewater with $179,000 and Modec with $188,000. Modec placed the second lowest purchase price, of $210 million, while Bluewater placed an offer of $265 million and Teekay bid $280 million. BW has put forward its existing unit the turret-moored FPSO Peace, formerly the BW Endeavour. The recently-completed unit offers production capacity of 40,000 bpd, exceeding Petrobras’s specification for 30,000 bpd. Storage capacity is 1 million barrels, higher than the 600,000 requested by Petrobras. The unit is scheduled to start for Petrobras on the Tupi field, in 2009 and is expected to work on the Santos basin subsalt discoveries for at least 10 years.
Read More
No comments:
Post a Comment