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Rio de Janeiro and Trondheim, May 18 – The FPSO Pioneiro de Libra (Libra Pioneer), owned by the 50/50 joint-venture formed by Odebrecht Oil & Gas (OOG) and Teekay Offshore Partners L.P. (Teekey Offshore), arrived yesterday, May 17 (Wednesday), in Brazilian territorial waters. This FPSO will be the first to produce oil in the Libra field. 

The arrival of the vessel was expected for late May, but was anticipated in 10 days due to the acceleration of the voyage, which began with the departure from the Jurong shipyard in Singapore, where the FPSO was built. The rigorous planning and favorable weather conditions allowed the trip to go smoothly, even in more sensitive stretches, allowing the vessel to reach and average speed 25% higher than was originally anticipated. The voyage had only one 24-hour stop, at Mauritius islands, for the crew change and the boarding of materials and equipment.

Since the christening of the FPSO, held in December of last year, the vessel has undergone commissioning and sea tests. During this period, more than 1,000 activities were carried out, including inclination and propulsion tests, in addition to other process systems. During the trip to Brazil, other tests were carried out and, upon arrival, the vessel will undergo approval processes by inspection bodies and Petrobras. Then the anchorage and connection of the risers will take place. The first oil is scheduled for July. 

The joint venture will own and operate the FPSO, which has been chartered to and will conduct Early Well Tests in the Libra Block for the consortium formed by Petrobras (Operator, with 40% ownership), Total (20%), Shell (20%), CNPC (10%) and CNOOC (10%), which is managed by Pré-Sal Petróleo S.A. (PPSA), for a period of 12 years. 

Construction

The construction of the FPSO Pioneiro de Libra began at the end of 2014 at the Jurong Shipyard in Singapore (Jurong), and required an investment of approximately US$1 billion. The unit 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.

More than four thousand people were involved in the project over the last two years, including more than 19 million man-hours of shipyard activities, without a single lost-time injury. 

“We are immensely proud that the FPSO Pioneiro de Libra has arrived in brazilian territorial waters because this project is a milestone for the production of oil in our country. For us, it demonstrates competence and the ability to deliver, even with an adverse scenario. It also reinforces our partnership with Teekay Offshore, since it is the second FPSO we have developed together”, says Jorge Mitidieri, Odebrecht Oil & Gas's Superintendent Director of Integrated Services.

Contract

Contracts for charter and operation of the FPSO Pioneiro de Libra were signed in October 2014. In the following year, the joint venture signed the financing contract for the FPSO’s construction with a group of international banks. 

An FPSO (Floating Production Storage and Offloading) is a type of ship used by the oil & gas industry to produce and store oil and/or natural gas and offload the product to shuttle tankers. These ships are common in production areas far from the coast that are hard to reach with oil or gas pipelines.

About Teekay Offshore Partners L.P.

Teekay Offshore Partners L.P. is an international provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the oil industry, primarily focusing on oil production-related activities of its customers and operating in offshore oil regions of the North Sea, Brazil and the East Coast of Canada. Teekay Offshore is structured as a publicly-traded master limited partnership (MLP) with consolidated assets of approximately $5.7 billion, comprised of 62 offshore assets, including floating production, storage and offloading (FPSO) units, shuttle tankers, floating storage and offtake (FSO) units, units for maintenance and safety (UMS), long-distance towing and offshore installation vessels and conventional tankers. The majority of Teekay Offshore’s fleet is employed on medium-term, stable contracts. Teekay Offshore’s common units trade on the New York Stock Exchange under the symbol “TOO”.

About Odebrecht Oil & Gas

The Odebrecht Group has provided services to the Brazilian oil industry since 1953. In 1979, it began operations in offshore drilling, becoming the first private Brazilian company to provide this type of service in Brazil. In the 1990s, it expanded its operations overseas, including the North Sea, focusing on services and FPSO operation. In 2006, it concentrated its oil and gas investments into a new company, Odebrecht Oil & Gas. A Brazilian company operating both nationally and internationally, Odebrecht Oil & Gas is capable of providing integrated solutions for the upstream oil and gas industry, from investment to operations, in the segments of Offshore Drilling, Submarine Construction, Offshore Production and Offshore Maintenance and Services. Its guiding value is the safety of its team members and operations, in addition to the use of technological innovations and a commitment to environmental preservation and operational excellence. For more information, go to www.odebrechtoilgas.com.

FPSO Pioneiro de Libra Data Sheet: 

Operation    12 years for Long-Duration Tests in the Libra Block
Investment    Approximately U$1 billion
Operating Location    Santos Basin
Production Capacity    50,000 barrels of oil/day and compression of 4,000,000 Sm3/day of associated gas
Operational Depth    Up to 2,400 meters

Teekay Offshore Communications
Axel Wiedenmann – +47 9516 3022
Axel.wiedenmann@teekay.com 

CDN Comunicação 
Luar Monteiro – 21-3626-3704
luar.monteiro@cdn.com.br  
Diogo Moraes – 21-3626-3721 
diogo.moraes@cdn.com.br