Mitsubishi and Partners Sign 20 Year FPSO Charter Offshore Brazil
TOKYO (Dow Jones)–Mitsubishi Corp. (8058.TO) said Monday that it and two other companies have signed contracts to charter and operate a floating production, storage and offloading system for 20 years for Brazil’s state-owned PetrÃ³leo Brasileiro SA (PBR), or Petrobras.
Mitsubishi Corp.’s partners are SBM Offshore NV (SBMO.AE), a major global FPSO engineering company, and Queiroz GalvÃ£o Ã“leo e GÃ¡s SA, a Brazilian oil and gas developer, Mitsubishi Corp. said in a statement.
Under the terms of deals, the three partners will deliver an FPSO for use in developing the north part of SapinhoÃ¡ oil field offshore Brazil in the second half of 2014, with a processing capacity of 150,000 barrels a day crude, Mitsubishi Corp. said.
-By Mari Iwata, Dow Jones Newswires
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