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Petrobras Will Launch Proposal for Brazil’s Largest FPSO

Written by Paulo Nogueira
Published on 09/07/2020 at 07:27
Updated on 18/09/2020 at 09:06
Petrobras FPSO Búzios O Maior FPSO no Brasil
Petrobras lançará proposta para o maior FPSO do Brasil
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Petrobras will launch a proposal for the construction of Brazil’s largest Floating Production, Storage and Offloading Unit (FPSO). According to a Reuters article that cited two people with knowledge of the matter, the state oil company will announce the offer by the end of August.

The news agency explained that these ships cost between US$ 2.5 billion and US$ 3 billion to build. The winners of the bidding construct and own the platforms and lease them to Petrobras in contracts with daily rates of up to US$ 1 million, which typically last more than 15 years.

The sources also claimed that the FPSO will be located in the Búzios Field, making it the seventh FPSO vessel at that location. Búzios is Brazil’s second most productive field and one of the largest discoveries in deep waters in the 21st century.

Petrobras is apparently considering a unit capable of processing 225,000 barrels per day. The vessel will be larger than the FPSO Bacalhau from Equinor, ordered from MODEC earlier this year. At the time of the order, the FPSO was described as the largest vessel of its kind in Brazil, with 220,000 bpd.

The request for proposals shows that the state-controlled company is moving forward with investment plans for its most productive fields, regardless of the recent drop in oil prices and lower demand.

The sources noted that competition for the FPSO is expected to take several months and that 10 companies have been pre-qualified by Petrobras to compete.

Among them are the world’s largest FPSO suppliers, Japan’s Modec and Amsterdam’s SBM Offshore.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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