Ezra Holdings inked a $100 million contract Monday with Sembcorp Marine to engineer and fabricate an external turret mooring system for an extended well test FPSO vessel to be used at the Libra field in offshore Brazil.
OOGTK Libra GmbH & Co KG, a joint venture between Brazil-based Odebrecht Oil & Gas and Bermuda-based Teekay Offshore, will own and operate the FPSO.
The vessel will be chartered to Brazil’s Petrobras for an initial period of twelve years, excluding options.
The deal was made through Singapore-based Ezra’s wholly owned subsidiary London Marine Consultants (LMC) and Singapore-based Sembcorp Marine subsidiary Jurong Shipyard.
LMC will provide engineering, procurement and construction services for the vessel’s external turret.
The company will also design the mooring lines, analyze the risers and provide engineering support for integration of the turret and swivel stack onto the FPSO at the Jurong Shipyard in Singapore.
The Libra oil field is a large, ultra-deepwater oil prospect located in the Santos Basin, about 143 miles off the coast of Rio de Janeiro and north of Tupi field.
Libra holds estimated recoverable resources ranging between eight billion to 12 billion barrels of oil and is one of the largest deepwater oil accumulations in the world.