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ENGIC

Trading · Sub-tier · 2009–2012

FPSO Cidade de Angra dos Reis MV22

VLCC-converted FPSO — Brazil's pre-salt pilot unit

What the record says

The pilot FPSO for Brazil's giant Lula/Tupi pre-salt discovery — a landmark unit in the development of the pre-salt play. Converted from the VLCC 'M/V Sunrise IV', rated at 100,000 bopd and 5 million m³ of gas, designed for H2S and CO2 removal with downhole CO2 reinjection at 550 bar. Operating since October 2010; the original 15-year charter was extended by five years to 2030. ENGIC executed during the 2009 outfitting phase.

Sub-tier contract — valve works via MODEC Singapore, Oct–Nov 2009

End operator
Petrobras (Tupi consortium: Petrobras, Shell, Petrogal, PPSA)
Contracting party
MODEC International
Location
Lula (formerly Tupi) field, Santos Basin, Brazil — 2,149m water depth
Asset status
Operating
Parent project value
15-year charter extended to 2030Published value of the overall project, not ENGIC revenue.
Categories
Valve Systems