Technip awarded contract for the P-76 FPSO in Brazil

Technip awarded contract for the P-76 FPSO in Brazil

Technip, leader of a 50/50 consortium with Techint, was awarded by PNBV(1) a substantial(2) contract for the topside construction and integration, the commissioning and start up assistance of the P-76 floating production storage and offloading (FPSO) unit. Located in the Santos Basin pre-salt area offshore Rio de Janeiro, Brazil, this unit will produce 180,000 barrels of oil and 7 million cubic meters per day of gas.
Technip’s operating center in Rio de Janeiro will perform the project management, engineering and procurement. The 24,000-ton modules fabrication, integration and commissioning will be performed in Techint’s yard, in the South of Brazil. The project is scheduled to be completed by mid-2017.
José Jorge Araújo, Technip’s Senior Vice President Onshore Latin America and Offshore Brazil, declared: “We are delighted to have the opportunity to keep working with Petrobras. This contract strengthens furthermore our presence in the burgeoning Brazilian offshore pre-salt market, where our leading-edge position enables us to meet its high standards and requirements. We fully expect that our partnership with Techint will be a key to the success of the P-76 FPSO. Moreover, this project will contribute to the local economy as it will require approximately 70% of Brazilian local content.”
(1) PNBV is an integral subsidiary of Petrobras S.A.
(2) For Technip, a “substantial” offshore contract is ranging from €250 to €500 million.
Source: Technip
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