## Petrobras signs $3.46B in contracts for construction of 8 FPSO hulls for Santos Basin ##### 11 November 2010 Petrobras, together with partners BG, Galp Energia, and Repsol, and through its Tupi-BV and Guará-BV affiliated companies, signed two contracts totaling$3.46 billion with the Brazilian outfit Engevix Engenharia S.A. for the construction of eight hulls for the platforms to be used in the first phase of the production development for the pre-salt area in the Santos Basin.

These units are part of the new strategy for the construction of production units, designed to simplify projects and standardize equipment. Producing identical hulls in series will accelerate the construction phase, and allow economies of scale and cost optimization.

Each platform, all of which are FPSOs (floating, production, storage and offloading units), will be able to process up to 150,000 barrels of oil and 6 million cubic meters of gas per day. All units are expected to start operating by 2017 and to reach the production targets set in Petrobras’ Business Plan for the pre-salt area. The expectation is that these platforms will add about 900,000 barrels of oil per day to domestic production when operating at maximum capacity.

The hulls will be built at the Rio Grande Naval Pole (state of Rio Grande do Sul), with local content expected to reach around 70%. The first steel shipments will take place in January, and hull constructions will start in March. The first two hulls will be delivered in 2013, and the others in 2014 and 2015.

Of the eight units, six will be operated by the consortium formed for Block BM-S-11, where the Tupi and Iracema areas are located. The two others will be operated by the consortium formed for Block BM-S-9, where the Guará and Carioca fields are located.

The Block BM-S-11 consortium is operated by Petrobras (65%), in partnership with BG E&P Brasil Ltda. (25%), and Galp Energia (10%). The Block BM-S-9 consortium is operated by Petrobras (45%), in partnership with BG E&P Brasil Ltda. (30%), and Repsol Brasil S.A. (25%).

So much for green collar jobs & the "climate crisis"...as the rest of the world is full speed ahead with drill-baby-drill.

Here's a new article on Iraq's oil fields & the ramp up of production there...

Iraq's Oil Patch Opens the Spigot
http://online.wsj.com/article/SB10001424052702303467004575574142765620652.html

Why should not Brazil profit on the artificially high cost of oil derived fuels. It will perhaps even reduce the stupidity of the destruction of forests for biofuel plantations in that country and others.

I am totally against nuclear waste; that is the waste of the energy in nuclear fuels by disposing of them by burial before every atom of uranium or plutonium has been fissioned. There remains perhaps 95 percent of the energy available in what is called "waste" used fuel rods. The Chinese are now testing the use of these in heavy water reactors. Increasing the efficiency of nuclear power stations is an unwarented waste of money in the light of this waste of fuel.

The remaining fission products take up almost no space and the non-radioactive ones can be separated after a few years and the others safely diluted and stored in an old oil well perhaps or underneath motorways. All of the known produced fission products can be contained in a very short train load of standard containers. Perhaps only four or five of the largest containers would be needed. There is no chance of explosion; these are fission products. The radioactivity might be dangerous up close, but a propane tanker train could cause widespread death instantly.

Suported by experimental results, it is conjectured, that with reprossesing the fuel, a mostly unmodified CANDU reactor can be run on the simple addition of a few hundred pounds of thorium a year into the cycle after it has been started with "waste" fuel combined with pure thorium. Each pound of this thorium would produce the energy equivalent of three million pounds of coal. Such a reactor can be modified to use thorium efficiently enough to provide additional fuel for other reactors.

..HG..

Henry,
Not only the Chinese are.
http://www.greencarcongress.com/2010/10/geh-20101028.html

Such modules could make all the heat and electricity we need for 100% efficient CTL or BTL, or fertilizer production, electricity and waterdesalination. And this only using nuclear waste (and thorium) and domestic technology.

If this doesn't get some subsidized help, I would start believing in a conspiracy between the government and the fossil industry.

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