International energy company Equinor has awarded two contracts - a subsea umbilicals, risers and flowlines (SURF) and a sales and purchase agreement (SPA) for delivery of a floating production, storage and offloading unit for its $9 billion BM-C-33 project in the Brazilian Pre-salt area.
The SURF contract was awarded to a global energy projects leader TechnipFMC, while the sales deal for delivery of FPSO unit was snapped up by Modec, a leading Japanese solutions provider to the floating offshore oil and gas market.
Equinor said it had awarded the contract on behalf of BM-C-33 licence with partners Repsol Sinopec Brasil and Petrobras.
The FPSO award is mainly one lump sum turnkey contract including engineering, procurement, construction and installation for the entire unit. The Equinor FPSO's expected delivery date is 2027.
As per the deal, Modec will also provide Equinor with operations and maintenance service of the FPSO for the first year from its start-up, after which Equinor plans to operate the unit.
Equinor has exercised an option with TechnipFMC following their front-end engineering design awarded in July 2022, to deliver integrated engineering, procurement, construction and installation for SURF.
"We are pleased to award these contracts to companies known for their expertise and quality, which will be important for these milestone deliveries to the BM-C-33 development," remarked Geir Tungesvik, the Executive Vice President for Projects, Drilling & Procurement.
"Modec was also awarded the FPSO contract for our Bacalhau project, and we look forward to draw from experiences between the two projects, to ensure safe and efficient execution of the developments. We also have a long history of collaboration with TechnipFMC and we are pleased to continue our good collaboration on another major project development," stated Tungesvik.
The SURF system will be installed in water depth of approximately 2900 m, which is the deepest installation in Equinor’s history, he added.
"BM-C-33 is a world class asset in the Brazilian pre-salt Campos area. Brazil is a core growth area for Equinor, and the company has ambitions to deepen our presence in the country," remarked Veronica Coelho, Equinor’s senior vice president and country manager for Brazil.
"BM-C-33 will be an important contributor to reach this goal, being a key gas supplier to the domestic market, contributing to industrial development and energy security locally," observed Coelho.
"At the same time, we are committed to use technology to lower our emissions substantially. BM-C-33 has a carbon intensity target of less than 6 kg/boe over the field lifetime, while the global industry average is 16 kg CO2 per barrel, she added.-TradeArabia News Service