Brazilian giant Petrobras has signed a letter of intent with Yinson for the chartering and provision of FPSO services for the Parque das Baleias Integrated Project, to be installed in the Jubarte field offshore Brazil.

The FPSO is scheduled to start production in the last quarter of 2024 and will be the new unit of the definitive system to be installed in the Jubarte field. The unit will have the capacity to process 100,000 barrels of oil and 5 million cubic meters of gas per day.

Petrobras said that the charter and service contracts would have a duration of 22 years and 6 months, counted from the final acceptance of the unit.

In 2019, Petrobras and the National Agency of Petroleum, Natural Gas and Biofuels (ANP) agreed on the extension of the concession term until 2056 of the new unified Jubarte field, which makes it feasible to implement the new production system of the Parque das Baleias Integrated Project, in addition to complementary projects in the area.

Currently, four platforms are in operation there – the P-57, P-58, FPSO Cidade de Anchieta, and FPSO Capixaba, the latter scheduled to be in operation only until 2022.