Malaysia’s Yinson Holdings Berhad has been awarded two letters of intent by Petrobras to supply the FPSO destined for Integrado Parque das Baleias (IPB) in the North Campos Basin offshore Brazil. The contract period is for 22.5 years from the date of the final acceptance and is valued at $5.2 billion. The vessel will be installed in the Jubarte field and is scheduled to start production in the fourth quarter of 2024.
The unit will have the capacity to process 100,000 B/D of oil and 5 million cubic meters of gas per day. The project foresees the interconnection of 17 wells to the FPSO, nine of them oil producers and eight water injectors.
Parque das Baleias, also known as the Whale Park, is a cluster of seven deepwater oil and gas fields offshore Espírito Santo, Brazil. The area includes the Jubarte, Baleia Azul, Baleia Franca, Baleia Anã, Cachalote, Caxaréu, and the Pirambú fields that have both pre-salt and post-salt reserves. The area is estimated to hold more than 2 billion BOE in recoverable reserves.
The IPB FPSO will be Yinson’s second vessel to operate in Brazilian waters, with the first being FPSO Anna Nery, which was chartered to Petrobras in October 2019. It is currently under construction in Cosco Changxing, China, and is on track to be operational in 2023 in the Marlim field located in the northeastern part of the Campos Basin.
Yinson said it and Petrobras have jointly committed to implementing a low-emission design into IPB FPSO, although specifics were not revealed.
