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July 20, 2016 In July, a third floating production, storage, and offloading (FPSO)* unit deployed by NYK for the BM-S-11 consortium** through a joint venture company started oil production in a pre-salt area off Brazil. This FPSO unit, FPSO Cidade de Saquarema, is owned by a shareholder consortium comprising SBM Offshore N.V. (Netherlands), Queiroz Galvão Óleo e Gás S.A. (Brazil), and a joint venture company between NYK (48.72 percent; head office: Tokyo; president: Tadaaki Naito) and the Mitsubishi Corporation (51.28 percent; head office: Tokyo; president & CEO: Takehiko Kakiuchi). The joint venture has a 20-year time charter contract with Petroleo Brasileiro S.A. (Petrobras) to operate the FSPO. NYK will aim to further advance its expertise in the FPSO business by dispatching technical staff to this project as well as FPSO Cidade de Paraty.*** In accordance with its “More Than Shipping 2018” medium-term management plan, NYK will continue to make use of its extensive technical know-how to expand and develop its business in the offshore industry, which is expected to grow remarkably. 
FPSO Cidade de Saquarema. Image by SBM Offshore Outline of FPSO Oil processing capacity 150,000 barrels of oil per day Gas processing capacity 6 million cubic meters per day Oil storage capacity 1.6 million barrels Water injection capabilities 200,000 barrels per day Mooring type Spread mooring
** BM-S-11 is a consortium (comprising Petrobras (65%), BG E&P Brasil Ltda (25%), and Petrogal Brasil Ltda (10%)) that owns the BM-S-11 fields offshore Brazil. *** FPSO Cidade de Paraty is deployed for the BM-S-11 consortium and started oil production in June 2013 in the Lula Field. NYK Line, press release |
