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Petrobras, SBM sign LOI for Mero 2 FPSO

(Oil & Gas Journal) Petroleo Brasileiro SA (Petrobras) signed a letter of intent with SBM Offshore for a 22.5-year lease and operation of the Mero 2 floating production, storage, and offloading vessel to be installed on giant Mero oil field in the Santos basin offshore Brazil.
SBM Offshore is to design and build the FPSO with capacities to handle production of 180,000 b/d of oil and injection of 250,000 b/d of water.

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