Libra FPSO named in Singapore (GALLERY)

The naming ceremony for the floating production offloading and storage (FPSO) unit Pioneiro de Libra took place on Friday, December 2 at Sembcorp Marine’s Jurong Shipyard in Singapore where the conversion of the Libra FPSO has been taking place since 2014.

The FPSO is owned through a 50/50 joint venture between Odebrecht Oil & Gas and Teekay Offshore (OOGTK joint venture). Jurong won the contract to convert a shuttle tanker into FPSO for the Libra field in October 2014.

The unit, which used one of Teekay Offshore’s former shuttle tankers, the Navion Norvegia, will operate on the Petrobras-operated large Libra pre-salt field in the Santos Basin offshore Brazil with estimated reserves of 8 to 12 billion barrels and currently considered to be the largest oil field offshore Brazil.

FPSO Pioneiro de Libra, initially scheduled for completion in the third quarter of 2016, can operate at water depths of up to 2,400 meters, with a production capacity of 50,000 barrels of oil per day and daily compression capacity of four million cubic meters of gas.

According to Teekay, more than four thousand people were involved in the project over the last two years, including more than 16 million man-hours of shipyard activities, without a single lost-time injury.

“Our strong joint venture partnership with OOG and the way we have worked hand in hand with Jurong, Petrobras and their partners all demonstrate strong teamwork, which is one of Teekay’s core values,” said Chris Brett, President of Teekay Offshore Production.

“We are very proud of both the safety standards and safety performance on this project. We are also very honored that our FPSO will be the first to produce oil from Brazil’s massive Libra field and will contribute significantly to our future cash flows,” said Kenneth Hvid, Teekay Corporation’s CEO-elect and President and Chief Executive Officer, Teekay Offshore Group Ltd.