Oil and Gas World

The OSX-3 FPSO is utilized within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields.

The FPSO is moored in approximately 110 meters water depth, have a storage capacity of 1.3 million barrels, be capable of processing 100,000 BOPD of heavy oil from the Campos Basin reservoir, generate approximately 60 MW of power, and provide for 150,000 BWPD of seawater treatment and injection.

MODEC was responsible for the engineering, procurement, construction, mobilization, installation, and commissioning of the FPSO, including topsides processing equipment, hull and marine systems, and the external turret mooring (designed and constructed by its subsidiary, SOFEC).

The FPSO has reached First Oil in December 2013.

MODEC Secures Award for OSX-3 FPSO
Tokyo, Jul. 22, 2011

MODEC, Inc. (MODEC) announced today that OSX 3 Leasing B.V. has signed an EPCI contract for the supply of the OSX-3 FPSO, a Floating, Production, Storage, and Offloading (FPSO) unit to be utilized within block BM-C-39 of the Campos Basin, offshore Brazil, on the Waikiki Pero Inga fields. OSX 3 Leasing B.V. is a subsidiary of OSX Brasil S.A., an EBX Group Company. The Letter of Intent was issued to MODEC on June 1, 2011.

MODEC will be responsible for the engineering, procurement, construction, mobilization, installation, and commissioning of the FPSO, including topsides processing equipment, hull and marine systems, and the external turret mooring (designed and constructed by its subsidiary, SOFEC). The complete unit will be delivered to OSX in Brazilian waters in the third quarter of 2013, with a First Oil target of late September 2013.

The FPSO will be moored in approximately 110 meters water depth, have a storage capacity of 1.3 million barrels, be capable of processing 100,000 BOPD of heavy oil from the Campos Basin reservoir, generate approximately 60 MW of power, and provide for 150,000 BWPD of seawater treatment and injection.

This is MODEC's first FPSO for OSX 3 Leasing B.V. and is the eighth FSO/FPSO MODEC will provide in Brazil. MODEC is currently operating the FPSO Fluminense, the FPSO Cidade do Rio de Janeiro MV14, the FSO Cidade de Macae MV15, the FPSO Cidade de Niteroi MV18, the FPSO Cidade de Santos MV20, and the FPSO Cidade de Angra dos Reis MV22. MODEC is constructing the FPSO Cidade de Sao Paulo MV23, which is scheduled for delivery to the giant pre-salt region of the Santos Basin in the fourth quarter of 2012.

"MODEC is very proud to be supplying our first unit to OSX 3 Leasing B.V. for use on OGX's Campos Basin fields. We are excited about the opportunity to work with this new Brazilian company," said Toshiro Miyazaki, President & CEO of MODEC, Inc.

The information contained in this news release is true and accurate at the time of publication; however, it may be subject to change without prior notice.

Brazil's PetroRio buys FPSO and 80% of Tubarão Martelo oil field

4 Feb 2020

RIO DE JANEIRO, Feb 3 (Reuters) - Brazil's PetroRio SA has acquired a floating oil and gas platform type FPSO OSX-3 for $140 million and 80% of the Tubarão Martelo oil field where the vessel is located, the field's previous owner Dommo Energia SA said.

The platform belonged to OSX3 Leasing, Dommo said in a statement.

The two transactions will allow the integration by PetroRio of the Polvo and Tubarão Martelo fields, both located in the Campos Basin.

"The two deals with generate significant synergies, the reduction of costs, the extension of the commercial lifespan of the two fields and lower emissions," said PetroRio CEO Nelson Tanure said in a statement.

Production costs could fall to $15 per barrel with the integration of the two fields, extending their life span until 2035 and increasing reserves to 52 million barrels.

"Tubarão Martelo currently produces about 5,800 bpd, and that could reach 10,000 bpd after we conclude the revitalization of the field, while output of the integrated fields could reach an estimated 20,000 bpd as of 2021," Tanure said.