Petrojarl-1

On the 18th of August 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years. The Petrojarl 1 has been operated by Teekay for 28 years in the North Sea and is now destined for the Atlanta Field in Brazil. After extensive engineering (over 450,000 engineering hours), more than 50% of the process equipment was removed and replaced by new and additional equipment, required to treat heavy oil at the new location in accordance with the most stringent specifications and Brazilian compliance requirements. The available deck space presented major challenges during engineering and execution of the work on board, which was done by Damen and its subcontractors. All workers returned home safely every day. Source: http://www.damenshiprepair.com

After four months of preliminary work alongside, FPSO Petrojarl I moved on April 16, 2015 into Damen Shiprepair Rotterdam’s 307m long x 47 m wide dry dock no 8 for work to the hull. In all, the vessel will spend a year at DSR before heading off to the South Atlantic. DSR was awarded an EPC contract by Teekay Petrojarl LLC for the upgrade, on completion of which the vessel will be redeployed at the Atlanta field in Brazil. http://www.hellenicshippingnews.com/fpso-petrojarl-i-dry-docked-at-damen-shiprepair-rotterdam-for-epc-redeployment-upgrade/

Teekay Offshore Partners (TOO) has secured a contract to supply an FPSO for work in waters off Brazil. The contract was awarded by a consortium led by Queiroz Galvao Exploracao e Producao SA (QGEP). The value of the deal was not disclosed. In connection with the contract TOO has agreed to acquire the Petrojarl I FPSO from parent Teekay Corp for $57m. It is then due to be upgraded at the Damen Shipyard Group’s Schiedam Shipyard in the Netherlands for a fully built-up cost of about $240m, which includes the cost of acquiring the Petrojarl I. The FPSO is scheduled to commence operations in the first half of 2016 under a five-year charter contract with QGEP. TOO says the charter contract is expected to generate annual cash flow from vessel operations of about $55m to $60m. The Petrojarl I FPSO will be used as an early production system (EPS) unit on the Atlanta field which is located 185 km offshore in the Santos Basin. The field is at a water depth of about 1,550 meters and contains an estimated 260m of recoverable barrels of oil equivalent. “We continue to secure new, accretive growth in our Offshore Production business with our second contract award in just three months,” said TOO chief executive Peter Evensen.“The QGEP contract award further strengthens the Partnership's position in the fast-growing Brazilian offshore market.” Source : Tradewinds