Recently, the M11 module of the 400,000-ton class (Floating Production, Storage and Offloading) FPSO vessel P79 project of Petrobras Búzios Oilfield was topped out on time in COOEC Qingdao Yard. With this, the 12 modules under construction of FPSO vessel P79 project have all been topped out.
The FPSO vessel P79 is one of the world’s largest FPSO units under construction. COOEC’s scope of work includes the construction and loadout of the topside composed of 11 modules with an approximate total weight of 22,000 tons and part of detailed design, shop design, and procurement.
Over the years, COOEC has been actively responding to China’s “Belt and Road” initiative and promoting the globalization of “high-end equipment” made in China. In the period from 2018 to 2019, COOEC delivered two 350,000 T FPSO vessels (P67/P70) to Petrobras, developed the capability to construct and assemble super large FPSO units independently, and set a record with respect to the delivery time of super large FPSO units. The P70 FPSO project has been recognized as one of China’s “Top Ten Innovative Projects in 2019”. The Company has created a solid band identity of “Made in China” in the highly competitive FPSO market in South America.
P79 FPSO is a large-scale deepwater FPSO project in South America and Brazil that COOEC participated in again after the completion of the P67/P70 project. It is also the first cooperation between COOEC and Saipan, a well-known Italian oil service company. Another notable result.
The P79 FPSO Project is another large deepwater FPSO project in Brazil, South America undertaken by COOEC after completion of the Petrobras P67/P70 Project. On this project, COOEC will cooperate with Saipem S.p.A.—a reputable oilfield service company in Italy for the first time. The successful completion of this project will be another significant achievement of COOEC in its international development.
The FPSO vessel P79 will be deployed in the Búzios Oilfield located in the Santos Basin, Brazil in 2025. The Búzios Oilfield, which was discovered in 2010, is the world’s largest deepwater oilfield located in the pre-salt area of the Santos Basin, about 200 km from the coast of Rio de Janeiro, with water depths ranging from 1,600 m to 2,100 m.