04 August 2014

Brazilian oil giant Petrobras has received bids from three consortia in a tender for the charter of a large floating production, storage and offloading vessel to be deployed in the Tartaruga Verde (Green Turtle) and Tartaruga Mestica fields in the Campos basin.
In a bidding ceremony this Monday morning in Rio de Janeiro, partnerships forged between Schahin and Modec International, UTC Engenharia and Bumi Armada, as well as Odebrecht Oil & Gas and Teekay all submitted both technical and commercial offers to build and supply Petrobras with an FPSO for the Tartaruga complex.
Six other Brazilian contractors have been formally invited by Petrobras back in March to submit offers for the Tartaruga Verde FPSO, but they all declined to bid.
The list included players such as Andrade Gutierrez, Camargo Correa, Etesco, OAS, Petroserv and Queiroz Galvao Oil & Gas (QGOG). QGOG tried to craft a partnership with BW Offshore for the tender after its long-time ally in Brazil, SBM Offshore, was excluded from the race on allegations of bribery, but the two parties could not reach an understanding.
According to the bidding rules, a Brazilian contractor had to team up with an international floater specialist to bid for the Tartaruga Verde FPSO.
The Petrobras bidding committee will now analyse all technical bids to qualify the offers before it officially opens the commercial envelopes and reveals the prices. Sources told Upstream they do not expect commercial offers to be revealed for at least a fortnight or maybe even a month from now.
Petrobras wants an FPSO with capacity to produce 150,000 barrels per day of oil and 4 million cubic metres per day of natural gas from Albian carbonate reservoirs.
The floater will be chartered for a 20-year period, and is due to begin output in 2017.
Source: Upstream