The Deepwater Brazil Special Report, which just published in December 2024, provides an overview of technology trends, project updates, key players and a market outlook for the oil and gas operations offshore Brazil. Download the (FREE) e-book.
Petrobras has announced that, on behalf of the Tupi field consortium, the company has extended the charter period of the FPSO Cidade de Angra dos Reis vessel by an additional five years, until 2030.
The Brazilian state operating company says that it recently signed amendments to the charter and service agreements for the FPSO, located in the Tupi field, with Tupi Pilot MV 22 B.V. and Modec Serviços de Petróleo do Brasil Ltda.
In addition to extending the contractual term, the amendments aim to enable upgrades to the FPSO, which currently has a production potential exceeding 50,000 barrels/day. The planned improvements are intended to enhance production reliability and efficiency, maintain platform integrity, operational safety, and reduce greenhouse-gas emissions. The consortium plans to decommission the unit in 2030.
In operation in the Tupi field since October 2010, the FPSO Cidade de Angra dos Reis was the first high-capacity FPSO to operate in the presalt layer of the Santos basin, cementing its importance in the history of offshore exploration in Brazil.
Petrobras says that the execution of these amendments aligns with the company’s 2025-2029 business plan and reinforces its commitment, along with its partners, to the continuity and expansion of their operations in the Tupi field.
The Tupi consortium comprises Petrobras (67.216%), Shell (23.024%), Petrogal (9.209%), and PPSA (0.551%).
