Oil production starts at NYK FPSO unit off Brazilian coast


A third floating production, storage, and offloading (FPSO) unit, deployed by NYK for the BM-S-11 consortium through a joint venture company, started oil production in a pre-salt area off Brazil this month. 

The unit, FPSO Cidade de Saquarema, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK (48.72%) and the Mitsubishi Corporation (51.28%). The joint venture has a 20-year time charter contract with Petroleo Brasileiro S.A. (Petrobras) to operate the FSPO. 

NYK aims to advance its expertise in the FPSO business by dispatching technical staff to the project, as well as to FPSO Cidade de Paraty. 

In accordance with its ‘More Than Shipping 2018’ medium-term management plan, NYK will continue to make use of its technical expertise in order to expand and develop its business in the offshore industry, which the company expects to grow. 

The FPSO has an oil processing capacity of 150,000 barrels of oil per day and storage capacity of 1.6m barrels, as well as a gas processing capacity of 6m cu m per day.

Source: NYK

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