Gas major BG Group announced that it and its partners have approved contracts worth a total of USD 4.5 billion for FPSO facilities connected to Santos Basin pre-salt projects in blocks BM-S-9 and BM-S-11, offshore Brazil. The contracts, for the construction of the first six topside modules and integration packages for eight FPSO (floating, production, storage and offloading) units, represent “another milestone in the fast-track, first-phase development of the big five pre-salt discoveries in BM-S-9 and BM-S-11”, said BG Group.
BG Group added that the contracts for the remaining two topside modules and integration packages are expected to be awarded within the next 18 months.
In addition to these approvals, BG Group confirmed that the BM-S-11 consortium has decided to tender for at least one additional chartered FPSO to be used in areas with different topside requirements.
