RE: BR advfn post21 Aug 2018 16:12
Petrobras closed its second renewal of the FPSO charter contract in 2018. The FPSO Cidade de Rio das Ostras contract with Teekay was extended through November and may be extended to January 2019. It is an indication that the company may not count on the unit next year.
The platform made the long-lasting test of the Green Turtle field and was replaced by the FPSO Cidade de Campos dos Goytacazes, chartered with Modec and which is the definitive platform of the field. The Turtle field is part of the Petrobras divestment project, which is seeking a partner for the project.
With the renewal of the two contracts, the Brazilian FPSOs market also has two charter contracts due in 2018. The data were collected by the FPSOs tool of E & P Brasil. See here: epbr.com.br/fpsos
Three of the units with contracts maturing in 2018 are chartered by Petrobras. The company says, through its press office, that it analyzes the convenience of renewing its contracts in line with the objectives of its 2018-2022 Business and Management Plan.
The fourth unit, the FPSO OSX-3, is chartered to Dommo Energia, which produces in the field of Tubarão Martelo, which is being returned by the oil company to the ANP.