Daily Newsletter

05 December 2023

Daily Newsletter

05 December 2023

MODEC selects Seatrium to build FPSO topside modules in Brazil

The FPSO Raia will have a processing capacity of 126,000 barrels of oil per day (bopd) and 16 million cubic metres of gas per day.

Archana Rani December 05 2023

BrasFELS Shipyard (BrasFELS), a member of Singapore-based Seatrium, has secured a topside modules fabrication contract for a floating production, storage and offloading (FPSO) vessel in Brazil.

The contract, awarded by Modec Group company Offshore Frontier Solutions, is for the Equinor-operated Raia gas and condensate project in Brazil.

Under the contract, BrasFELS will be responsible for the fabrication of three modules including vapour recovery unit/ flare knockout; oil separation and stabilisation; and the flowline circulation and metering and utility systems for the FPSO Raia.

The project is due to be carried out by Seatrium’s BrasFELS shipyard in Angra dos Reis, Rio de Janeiro, Brazil.

Work is scheduled to commence in the first quarter of 2024.

In a press statement, Seatrium said: “The latest win marks the eighth project collaboration between BrasFELS and MODEC, reflecting the long-standing partnership the two organisations have enjoyed for more than a decade.”

MODEC is serving as front end engineering design (FEED) and engineering, procurement, construction and installation (EPCI) for the entire FPSO.

Seatrium Americas Oil & Gas executive vice-president Marlin Khiew said: "Over the years, we have leveraged our deep engineering expertise, international yard footprint and strong track record to deliver over 260 floating production unit (FPU) and FPSO conversions and newbuilds, solidifying our market leadership in this product segment.”

The FPSO Raia is expected to have processing capacity of 126,000bopd and 16 million cubic metres of gas per day.

Due to be deployed in the giant pre-salt area in the southern part of the Campos Basin, the FPSO will also have a storage capacity of two million barrels of crude oil.

In September 2023, Equinor, on behalf of the BM-C-33 consortium, submitted the declarations of commerciality and plans of development to the National Agency of Petroleum, Natural Gas and Biofuels for two fields in the BM-C-33 concession area offshore Brazil.

In the declaration, the consortium partners recommended the names for the two areas as Raia Manta and Raia Pintada.

ESG 2.0 will be less forgiving of poor ESG performers

While ESG 1.0 was driven by voluntary corporate action, ESG 2.0 is being driven by a new wave of government policies. A host of new environmental laws are in the pipeline, relating to mandatory reporting, carbon pricing, and carbon import tariffs, as well as more state support and investment in clean energy technologies. Companies unprepared for ESG 2.0 face higher costs and lost sales.

Ammonia and Methanol in Energy Transition

Ammonia and methanol are key industrial chemicals with strong demand in the agriculture, manufacturing, and construction sectors. The demand for these chemicals is expected to rise in the coming years due to their potential applications in energy transition. Low-carbon ammonia is garnering the most attention from oil and gas industry players with nearly 300 plants in development globally.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Your corporate email address *
First name *
Last name *
Company name *
Job title *
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close