Category: Last News

Perenco has concluded the hook-up operation on the converted Pargo floating storage and offloading vessel (FSO). The company now plans to submit final documents to the country’s
regulatory authorities for the operational license of the FSO. The double-hulled vessel, built in
2004, has a storage capacity of 750,000 bbl. Earlier this year, production at Pargo cluster
which comprises the shallow-water Pargo, Carapeba and Vermelho fields reached 13.000
bbl/d of oil, up from 2.800 bbl/d when Perenco became operator in October 2019.

Oil production at Papa Terra cluster has been temporarily interrupted by 3R Petroleum due
to restrictions on the offloading system on FPSO 3R-3 as the unit reached the limit of
the available oil storage capacity. A damage was identified on the hose that is used in the
offloading operations (oil transfer from the production platform to the shuttle tanker). The
Company has already started the necessary procedures to replace the damaged section
which is estimated to take up to 10 days, allowing the asset to resume production

Shell contracted the Danish company Modern American Recycling Services Europe (MARS)
to perform the sustainable recycling of the “Fluminense” vessel, an FPSO that operated
for 20 years in the Bijupirá and Salema fields, in the Campos Basin. MARS is an EU-approved
recycling facility that was selected last year to decommission other FPSOs. The vessel is
expected to arrive in Denmark next year.

Shearwater geoservices has two new seismic acquisition vessels in Brazil. SW Diamond and
SW Duchess arrived in Brazil earlier this week to support seismic operations services by the
company. The global seismic service provider is working for Petrobras in Santos Basin.

Petrobras released at the beginning of this week another opportunity for large accommodation
vessels (UMS). The N-16 tender is set to charter one UMS of minimum 450 POB and 1000m² of
free deck area. Once more the tender allows for semisubmersible, cylindric and ship shaped
vessels, most likely due to a low availability of semisub units, which would severely impact
the competitiveness of a semisub-only tender.

The contract duration will be of 4 years firm, with the possibility of a 5-month extension.
The awarded unit will be granted a 175 days mobilization time after contract signature for
delivery in Brazilian waters and will be engaged in the maintenance schedule of several FPSOs
from Petrobras throughout the duration of the contract.

Repsol Sinopec Brasil, Equinor and Petrobras announced this week that they decided to
invest in the development of the BM-C-33 field, a condensed gas field located in the pre-salt
layer of the Campos Basin, in the state of Rio de Janeiro.

The approximate cost is US$ 9 billion, with start-up scheduled for 2028. An FPSO will
be contracted and designed to produce 16 million m³/day of natural gas. The objective is
to connect the field to the Cabiúnas Terminal in Macaé, in the North region of Rio de Janeiro
state. Repsol Sinopec Brasil and Equinor hold 35% each of this exploration in BM-C-33
while Petrobras owns 30%. Block BM-C-33 is located approximately 200 km from the coast,
in water depths of up to 2,900 m.

Petrobras informed last Monday (08), that it started production in the Campos Basin with
the FPSO Anna Nery. The innitative is part of a project to revitalize the Marlim and Voador
fields which will exploit the post-salt and Brava reservoirs. The platform can produce up to
70,000 barrels of oil per day and process 4 million m³ of gas. FPSO Anita Garibaldi is also
part of the Campos Basin revitalization project.

The objective is to increase from 560.000 to 900.000 boeds by 2027. The FPSO Anna
Nery is supplied by Yinson, from Malaysia. It is anchored in a water depth of 927 meters and
connected with 32 wells

SAAM Towage Brazil concluded the purchase of 21 tugboats from the Brazilian shipping
company Starnav, out of which 19 tugs currently operating in Brazilian waters and two additional
vessels that are in final construction phase. The agreed-upon total value of the Starnav assets
is USD 198 million. The outstanding debts on the assets will be deducted from this amount
upon closing. Once the new assets have been integrated, the company will have a fleet of 69
tugboats distributed over 19 Brazilian ports.

Earlier this week AHTS 9000 Vasileos P arrived in Brazil. The EBN responsible for mobilizing
the vessel to Brazil, Tranship, decided to dock her in order to make adaptations in oil tanks
so that’s she is able to work in fuel runs as well. When the docking is finished, she will be
working in the spot market. Currently sailing under the flag of Republic of Malta, the vessel
will be put in the special Brazilian register (REB) and renamed to Beta Juniz

The year has apparently just begun for Petrobras as the first tendering processes for offshore vessels are starting do hit the market. After releasing tenders for WSSV and UMS, a new opportunity for AHTS is now in the market. Petrobras seeks to hire at least one AHTS with minimum 150T bollard pull for TS-TO operations. The firm duration for any awarded vessels will be 4 years with commencement expected for December 2023 and owners will be granted a 120-day mobilization period to deliver the vessel to Petrobras.

UMS Safe Zephyrus has begun earlier last week its new 650 days firm contract with Brazilian oil company Petrobras. After a bidding process that took place in November 2022, the semi-submersible vessel built in 2016 was awarded the contract in December, 2022. This unit has accommodation capacity for 450 people. Prosafe owns another 2 units for maintenance and safety in Brazil, Safe Notos and Safe Eurus, both chartered by Petrobras as well.

The Norwegian oil company Equinor awarded earlier last week a 7 day spot contract to PSV
4500 Starnav Andromeda. She will perform cargo runs to FPSO Peregrino. The 2014 built
vessel is Brazilian flag and has 921 sqm of free deck area.