By late 2016, Teekay Offshore’s shuttle tanker Navion Norvegia will he installed offshore Brazil after an extensive yard period at Jurong Shipyard in Singapore where she will be comverted to an FPSO.
The vessel will be part of a 50/50 joint venture between Teekay Offshore and Brazil’s Odebrecht Oil & Gas and Teekay Offshore.
Jurong Shipyard notes the $696 million conversion project includes detailed engineering, installation and integration of topside modules, installation of external turret and power generation, accommodation upgrading as well as extensive piping and electrical cabling works.
Upon completion, the FPSO will have the capacity to produce 50,000 barrels of oil per day and 4 million cubic metres of natural gas per day, and is expected to be placed on a 12-year charter to Petrobras for work on the Libra field in the ultra-deepwater section of Brazil’s Santos Basin.
Video of the Navion Norvegia in a storm:
The Libra pre-salt field covers approximately 1,550 square kilometers in water depths of around 2,000 meters (6,500 feet). The reservoir depth is around 3,500 meters below the sea floor (11,500 feet). Brazil’s ANP has estimated that total gross peak oil production could reach 1.4 million barrels per day.