Wärtsilä Hamworthy lands Petrobras flare gas recovery contract

Wärtsilä Hamworthy
  • Press release
14 May 2012 at 2:00 PM E. Europe Standard Time

Wärtsilä Hamworthy, the global leader in environmental and liquid cargo handling solutions for the marine and oil & gas markets, has won a contract to supply its Flare Gas Recovery packages to four floating production, storage and offloading (FPSO) units under construction for Petrobras.

The units, each of which will be able to handle 150,000bpd, are to be deployed on the pre-salt fields, off Santos, Brazil. Three of the FPSOs will be utilised for Block BM-S-11 Lula (Tupi) and one will go to Block BM-S-9 Guara.

“We have developed a strong position in the growing market for flare gas recovery as offshore operators seek greater efficiency over increasing environmental concerns due to flaring,” said Hamilton Santos, Project Manager, Gas Recovery Business Unit, Hamworthy Oil & Gas Systems.

“Flaring gas has a global impact on climate change by adding about 400 million tons of CO2 in annual emissions. Petrobras is committed to minimising flaring in its operations and has therefore planned for flare gas recovery systems to be installed on all units for the pre-salt development.”

The contract underscores Wärtsilä Hamworthy’s leading position in this growth market and follows the breakthrough deals signed late last year for systems to be installed on the P58 and P62 FPSO conversions in the Baleia Azul and Roncador fields offshore Brazil, both owned and operated by Petrobras. The business has so far delivered over 20 similar systems to the offshore industry.

The first FPSO is expected to be operational by the end of 2014, with the next three producing by 2015.

“Petrobras made its biggest oil field discovery to date in the pre-salt development and the Tupi block alone will increase Brazil’s reserves by around 50%,” Mr Santos added.

For further information, please contact:

Karina McCormack
Marketing Manager
Wärtsilä Hamworthy Ltd
Fleets Corner
Poole, Dorset
BH17 0JT, UK
Tel: +44 (0)1202 662636
kmccormack@hamworthy.com

Notes to editors

On 31st January 2012, Hamworthy was acquired by Wärtsilä Corporation. The official name is now Wärtsilä Hamworthy Ltd

Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2011, Wärtsilä’s net sales totalled EUR 4.2 billion with approximately 18,000 employees. The company has operations in nearly 170 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.

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