Oil and Gas World

Daewoo Shipbuilding & Marine Engineering wins contract for large-scale floating crude oil production, storage and unloading facilities



- Awarded order for offshore facilities in 2 years
- Formed a consortium with Saipem, an Italian engineering company

Daewoo Shipbuilding & Marine Engineering (DSME) announced on the 14th that it won an FPSO (Floating Production Storage and Offloading) order from Petrobras, Brazil's largest energy company, together with Italian engineering company Saipem. The total contract size is about 2.6 trillion won, of which Daewoo Shipbuilding & Marine Engineering's contract amount is about 1.948 trillion won.

The FPSO won this time can produce 180,000 barrels of crude oil and 7.2 million cubic meters of natural gas per day, and can store 2 million barrels of crude oil. Daewoo Shipbuilding & Marine Engineering (DSME) plans to build a hull and a part of the superstructure that can store crude oil, and plans to receive the superstructure built at Saipem and finally load it at the Okpo Shipyard.

Construction of this facility will be completed by the second half of 2024 and it is scheduled to depart for Brazil's Bujios Field, one of the world's largest deep-sea oil fields.

This year, Daewoo Shipbuilding & Marine Engineering (DSME) won orders for a total of 27 vessels/equipment worth about US$3.72 billion, including 11 extra-large crude oil carriers, nine extra-large LPG carriers, four container ships, one LNG carrier, one WTIV, and one FPSO. About 48.3% of this year's target of $7.7 billion has been achieved.

Baker Hughes Awarded Pressure Relief Valves Contract for the New Petrobras P-79 Platform

8 Aug 2022

Petrobras is building a new platform with a capacity to process 180,000 barrels of oil per day and 7.2 million cubic meters of gas per day. The platform is an FPSO type, a floating unit that produces, stores, and transfers oil. The delivery is scheduled for 2025. SAIPEM & DSME had been awarded $2.3 billion for the supply of P-79 to be installed in Búzios field, in the Santos Basin pre-salt area. In the development of the EPC, SAIPEM awarded Baker Hughes over 250 Consolidated™ Pressure Relief Valves including high pressure API 10/15k valves. In addition, we are currently bidding the second batch of Pressure Relief Valves including more than 10 x API valves. This is a great success from our Team which continue building references in the very competitive Offshore segment.

“We are thrilled to continue to support customers such as Petrobras, who are looking for full portfolio solutions that include over 250 safety relief valves for offshore usage, including valves designed for API 10,000 PSI pressure rating. Our full line of products and manufacturing test capabilities have allowed us to offer full solutions to customers looking for the latest advances in over-pressure protection,” states Matt Byers, Senior Product Line Leader for Consolidated Pressure Relief Valves.

GE Power Conversion to supply the Electrical Module for an FPSO vessel destined for one of the world’s largest deep-water energy projects

27 April 2022

• GE’s Electrical Module will be used on Petrobras' P-79 FPSO for the Búzios energy project off the coast of Brazil

• The agreement between GE Power Conversion and Italian oilfield contractor Saipem reinforces GE’s world-class technological and engineering capability

• The contract award is based in part on the success of six similar modules from GE Power Conversion installed on other Petrobras FPSOs operating in the pre-salt area.

GE Power Conversion was chosen by Saipem, the multinational oilfield services company, to develop the Electrical Module for Petrobras’ Floating Production Storage Offloading vessel (FPSO), coded P-79, which will be used for the production of oil and gas extraction. The module will be fabricated in Asia and delivered during 2023 to the integration shipyard in South Korea. The FPSO is scheduled to commence operations in the Búzios field within the Santos Basin in 2025. The field location, off the coast of the state of Rio de Janeiro, is considered the largest deep-water oilfield in the world.

The collaboration between GE Power Conversion and the Italian contractor Saipem to deliver the Electrical Module includes medium-voltage and low-voltage switchboards and motor control centers and high-power transformers for the P-79 vessel with a high degree of local content. The Electrical Module to be provided by GE Power Conversion is considered the heart of the platform as it provides all the distributed energy to power the entire FPSO, in addition to housing equipment that controls the vessel. The Electrical Module can be compared in size to a three or four-story building, weighing approximately 2,000 tons, 25 meters high, 22 meters wide and 33 meters long.

“GE Power Conversion has previously delivered Electrical Modules to six of Petrobras’ owned and operated FPSOs operating in the pre-salt area including P-75 and P-77 in the Búzios field, with similar scope of supply to what will be provided for the P-79 FPSO. GE’s proven track record in demonstrating technical expertise for the demanding operating profile of the FPSO has been a key success factor in securing this important contract.” said André Ribeiro, Commercial Leader for the marine sector for GE Power Conversion in Latin America.

GE Power Conversion in Belo Horizonte in the state of Minas Gerais, Brazil, is responsible for Project Management, Engineering and Manufacturing of the electrical equipment for the Electrical Module which, in turn, will be assembled by Wasco Shipyard, Indonesia, and then placed on the FPSO at the Daewoo Shipbuilding & Marine Engineering Co. (DSME) Shipyard in South Korea. After the equipment has been assembled, installed, and commissioned, the FPSO will sail from South Asia to the Brazilian coast.

“A truly global effort, highlighting GE's commitment to its customers and its ability to produce equipment within Brazil, with a high level of local content and meeting all the requirements of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for offshore installations” said Carlos Adriao Guimaraes, Sales Director for GE Power Conversion in Latin America.

VME selected by Saipem to support $2.3 billion project in Búzios field



VME has been selected by Saipem to provide the gas dehydration & TEG regeneration package (GDU1) and H2S removal & amine regeneration package for P-79 Búzios FPSO project.

The GDU1 has a gas inlet flowrate of 318.56 MMSCFD with inlet water content 93.55 lbs/MMSCF and outlet water content 2.0 lbs/MMSCF. The Lean TEG purity is 99.95%.

“We’re excited to continue our work in the Búzios field with Saipem and P-79,” said Daniel Johnstone, Vice President of Offshore Projects. “It’s great to be a part of a project that will produce such a large quantity of oil and gas.”

The H2S removal & amine regeneration package has a gas inlet flow rate of 4,300,000 Sm3/d with max H2S content of 170ppmv and maximum CO2 content of 3 mol %. The export gas H2S content is <5 ppmv. The Lean Amine concentration is 50 wt% and the circulation rate is 64 m3/hr.

The P-79 Búzios FPSO Project is located at Santos Basin, Brazil. It is part of a production system of the Búzios 8 field, made of one fully operating new build FPSO vessel ready to receive and offload oil in the capacities and to the quality parameters. Overall production capacity is 180,000 b/d and 7.2 million m3 of gas daily with 25 years long term production operation. The overall storage capacity is 2,000,000 bbl oil storage.

13 July 2023





Hanwha Ocean (CEO Hyuk-Woong Kwon, Vice Chairman) and South Gyeongsang Customs (Customs Director Young-Hwan Son) are working to strengthen the competitiveness of the domestic shipbuilding industry through public-private cooperation.

Hanwha Ocean announced on the 13th that it is accelerating production of the world's longest floating production storage and off-loading (FPSO) with active administrative support from the South Gyeongsang Customs.

The floating crude oil production storage and offloading facility (FPSO), which Hanwha Ocean won an order from Petrobras, a Brazilian state-run company in 2021, is the world's largest FPSO with length, width, and height of about 345m, 60m, and 34m, respectively. It produces about 180,000 barrels of crude oil per day and has a storage capacity of about 2 million barrels.

In the meantime, to build such a large structure, blocks have been moved to the dock with an offshore crane and loaded. The weight of one block of the FPSO to be built this time reaches 7,000 tons. In order to move a huge block weighing half of the population of Geoje City (average adult 60kg), two offshore cranes must be connected in parallel, and one-time equipment worth billions of won must be manufactured for lifting. had to do

However, Hanwha Ocean easily solved this problem by seeking cooperation from the South Gyeongsang Customs. It uses a self-propelled ship, a dedicated ship that carries blocks from abroad. A method of loading large blocks onto a self-propelled vessel, moving them, and loading them on a dock was applied.

According to the Customs Act, there is a prohibition clause that 'international trade ships and self-propelled ships cannot load or transport blocks, which are domestic goods, in domestic ports.' However, South Gyeongsang Customs thoroughly reviewed the exception clause that 'domestic goods can be loaded onto international trade vessels with the permission of the head of the customs office' and utilized the 'report of moving to the berth in the port' system to transport blocks through the sea within Okpo Port. The customs administration was actively supported for loading and transportation. As a result, Hanwha Ocean secured work stability when transporting super-large blocks and was able to save 7 billion won in mounting costs.

This is not the first case of active administrative support by the South Gyeongsang Customs. Last year, we cooperated to launch a floating oil and gas production unit (FPU) out to sea. The public-private partnership between Hanwha Ocean and South Gyeongsang Customs is drawing attention in the global shipbuilding market as a model case.

An official from Hanwha Ocean said, “We are grateful for the active administrative support of the customs office,” and “we will make efforts to ensure that K-Chosun firmly maintains its position as a global leader through continuous public-private cooperation.”