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Excellent News for Brazil’s Shipbuilding Industry! The Shipyard in Espírito Santo Was Announced by Petrobras as Pre-Qualified for the Construction of FPSO P-71
The week ends with another great piece of news for Brazil’s shipbuilding industry! Petrobras informed last Tuesday (27) that it has finalized, after negotiations with its partners in the BM-S-11 Consortium, Shell Brasil Petróleo, and Petrogal, the purchase of the P-71 platform, which will allow for the advancement of first oil from the Itapu field by about a year.
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Petrobras’ estimated payout for the transaction will be US$ 353 million, corresponding to the partners’ share in the P-71. When operational, Petrobras’ FPSO P-71 will generate approximately 300 jobs, according to the analyst of the Capixaba Oil and Gas Forum of Findes, Elimar Lorenzon.
The floating production storage and offloading unit has a production capacity of 150 mbpd and will be allocated to the Itapu field. Currently, the platform is in the final construction phase at the Jurong shipyard in Espírito Santo and is expected to continue providing many jobs for the state.
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The good news was announced in a meeting between Governor Renato Casagrande and Petrobras’ Executive Director of Institutional Relations, Roberto Furian Ardenghy, last Friday. According to the state official, Espírito Santo will remain one of Petrobras’ investment priorities.
“We are viewing Brazil’s oil market with an international perspective, but Espírito Santo remains a priority for Petrobras. The Parque das Baleias project is in the company’s investment portfolio. I want to reiterate not only our presence in the state but also our commitment to increasingly support oil exploration projects in Espírito Santo,” said Roberto.
The P-71 was originally scheduled for the Tupi field, which will have a new development plan agreed upon with the partners in the venture, Shell (25% participation) and Petrogal (10%).
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