TOYO's Brazil affiliate awarded FPSO topsides units contract
RIO DE JANIERO -- Estaleiros do Brasil (EBR), a Brazilian company owned jointly by Toyo Engineering and Brazlian engineering company SOG - Óleo e Gás, has been awarded an engineering, procurement, construction and installation (EPCI) contract to install topsides units for an FPSO system. The contract has been awarded by Petrobras subsidiary Petrobras Netherlands B.V.
The FPSO, called P-74, is scheduled to be deployed in 2016 to an offshore oil field located in the pre-salt deepwater layer in the Franco 1 area off the coast of Rio de Janeiro.
EBR is primarily engaged in EPCI-related offshore facilities and is constructing yard facilities in Estado de Rio Grande do Sul in the southernmost part of Brazil, in line with the policy of “increasing the ratio of local content” promoted by the Brazilian government and Petrobras. The yard facilities will be used to assemble the modules of the topsides and to integrate them on the hull.
Over the past 15 years, TOYO has more than 30 project experiences in Brazil. Now, TOYO is constructing the utility facilities for a refinery a gas processing plant, and more. Petrobras has a target to increase oil and gas production from 2.4 million boed today to 5.2 million boed by 2020, and intends to deploy a number of FPSO units to develop its offshore resources.