NYK, SBM, Mitsubishi jv bags Petrobras FPSO contracts

Nippon Yusen Kaisha (NYK) is making further inroads into offshore as part of a joint venture that will provide an additional two FPSOs to Petrobras on long-term charter.

A joint venture comprising NYK, Mitsubishi, SBM Offshore and Queiroz Galvão Óleo e Gás has signed with the Petrobras led BM-S-11 consortium to charter and operate two FPSOs offshore Brazil for 20 years. The joint venture already has one FPSO in operation Brazil the Cidade de Paraty, which started production on 6 June.

The FPSO Cidade de Maricá and FPSO Cidade de Saquarema additional FPSOs are being converted from VLCCs in a yard in Guangzhou with topside integration to be done in Brazil. Oil production is scheduled to start in the final quarter of 2015 and the first quarter of 2016.

“Through its participation in these FPSO projects, NYK will continue its efforts to expand and develop its business through the utilisation of the company’s specialized skills in the offshore oil and gas industry,” NYK said.

Posted 17 July 2013

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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