Join our crew and become one of the 110,353 members that receive our newsletter.

FPSO Cidade de Mangaratiba

FPSO Cidade de Mangaratiba Begins 20-Year Charter in Santos Basin

Rob Almeida
Total Views: 57
December 7, 2014

FPSO Cidade de Mangaratiba, image: Schahin Group

MODEC announced today the FPSO Cidade de Mangaratiba MV24 achieved first oil in October at block BM-S-11 in Santos Basin offshore Brazil.  The vessel is on a 20-year charter to Tupi B.V., a Dutch company owned by Petrobras Netherlands B.V. (65%), BG Group (25%), and Galp Energia E&P Brasil B.V.(10%).

Moored in waters 2,200 meters deep, FPSO Cidade de Mangaratiba MV24 is capable of producing 150,000 bbls of oil per day and 280 million standard cubic feet of gas with a storage capacity of 1.6 million bbls of oil.  She is jointly owned by MODEC and Schahin Group and was converted from the VLCC Sunrise J in 2012.

MODEC notes this is the 9th FPSO they have provided offshore Brazil and their third to operate in the pre-salt after the FPSO Cidade de Angra dos Reis MV22 and the FPSO Cidade de Sao Paolo MV23.

Last week, MODEC and their partner Schahin Group won a contract from Petrobras to provide a similar FPSO which will eventually be installed at block BM-C-36 in Campos Basin in 2017.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 110,353 members delivered daily straight to your inbox.