Portuguese 
English 
Spanish 
2 min of reading 
The Dutch Oil Company SBM Predicts That By 2023 Brazil Will Account for Nearly Half of the World’s New Orders for FPSOs
Good news for the Brazilian offshore naval sector! Brazil is expected to order 15 FPSOs out of the 35 projected in global contracts by 2023. Nine oil wells in the pre-salt Campos Basin were licensed yesterday by Shell.
Also Read
- The Much-Awaited One Subsea Opens Positions for Engineering Students in Macaé
- Multinational Oil Company Based in Macaé Hires Professionals for Onshore Activities
- Government Plans to Sell Oil and Gas Areas Beyond 200 Nautical Miles in the 17th Pre-Salt Round
The good news came from the Dutch oil company SBM last Thursday (13). According to market analysts, the second place will go to the African offshore, with six promising platform contracts.
-
Brazil’s oil production soars and hits an all-time high for the second consecutive month, driven by the pre-salt and the advancement of energy sector giants.
-
Oil price falls even with Trump’s threats to Iran and rising geopolitical tensions in the Middle East impacting global market expectations.
-
China discovers more than 200 new oil and gas fields in the last five years
-
Petrobrás indicates a strong first quarter in 2026 with high production, robust cash generation, and an expectation of up to $2.4 billion in dividends for shareholders.
Seven of the fifteen floating production storage and offloading units in SBM’s global fleet are located in Brazil, namely the FPSOs Espírito Santo, Anchieta, Capixaba, Cidade de Paraty, Cidade de Ilhabela, Cidade de Maricá, and Cidade de Saquarema.
The Dutch oil company signed a contract with the Brazilian state-owned company Petrobras at the end of the second half of 2019 for the construction and operation of the floating production storage and offloading unit Mero 2 (Sepetiba). The production forecast for the unit is set for 2023, where the FPSO will be operated for nearly 23 years by SBM.
Analyses by Energy Maritime Associates (EMA) indicate that investments in FPSOs in Brazil are expected to reach US$ 28.4 billion by 2024, nearly one-third of the global total during the period (US$ 98.9 billion).
The Brazilian state-owned oil company Petrobras forecasts in its current business plan the installation of 13 platforms by 2024, including FPSOs P-70, which will start production in the Atapu field in 2020; Mero 1 and Sépia (2021); Marlim 1, Búzios 5, and Lula Oeste (2022); Parque das Baleias, Mero 2, and Marlim 2 (2023); and Búzios 6, Mero 3, Sergipe Deep Waters, and Itapu (2024).
Among other upcoming newbuild projects in Brazil in the coming years are those for Carcará (Equinor, 2023-2024) and Gato do Mato (Shell, possibly in 2024).
Of the reported FPSOs, seven are already contracted (besides P-70, which is a Petrobras-owned unit): Mero 1, Sépia, Búzios 5, Marlim 1, and Carcará with Modec; Mero 2 (SBM); and Marlim 2 with Yinson.
SBM Offshore published its Annual Report and Lost Earnings for 2019. Listen below to the company’s CEO Bruno Chabas reflecting on a positive year for the firm.
Be the first to react!