EZRA Holdings' wholly owned subsidiary London Marine Consultants has been awarded a US$110 million contract by Sembcorp Marine's subsidiary, Jurong Shipyard of Singapore, to supply an external turret mooring system for the Libra field's Extended Well Test Floating Production, Storage and Offloading (FPSO) vessel.
The Libra oil field is a large ultra-deepwater (up to 2,500 metres) oil prospect located in the Santos Basin, about 230 kilometres off the coast of Rio de Janeiro, Brazil, north of Tupi field. The oil field, estimated to contain recoverable resources ranging between eight billion to 12 billion barrels of oil, is one of the largest deepwater oil accumulations globally.
OOGTK Libra GmbH & Co KG, a joint venture between Brazil's Odebrecht Oil & Gas and Teekay Offshore, awarded a contract to Jurong Shipyard for conversion of the Navion Norvegia shuttle tanker to form the Libra EWT FPSO. This joint venture company will own and operate the FPSO, chartering it to Petrobras for 12 years, excluding options.