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August 16, 2022

Keppel O&M secures $2.9bn FPSO contract from Brazil’s Petrobras

The P-80 floating production storage and offloading unit will have a production capacity of 225,000 barrels of oil per day.

Singapore’s Keppel Shipyard has received a $2.9bn contract from Brazil’s state-owned firm Petrobras to build the floating production storage and offloading (FPSO) vessel P-80 for deployment at the Búzios field in the Santos basin, Brazil.

Under the contract, Keppel Shipyard will be responsible for the engineering, procurement, and construction of the P-80 FPSO unit.

Keppel Shipyard is a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), which is a unit of Keppel Corp.

Planned to be completed in the first half of 2026, the P-80 FPSO will have a production capacity of 225,000 barrels of oil per day, a water injection capacity of 250,000 barrels per day, 12 million cubic metres per day of gas processing capacity, and a storage capacity of two million barrels of oil.

The P-80 will be the second FPSO vessel to be delivered by Keppel O&M for Petrobras for the Buzios field. Construction on the first FPSO unit, P-78, is being carried out by Keppel Shipyard.

Keppel O&M CEO Chris Ong said: “Drawing from our experience with the P-78, we are confident that we can further enhance the efficiency and economics of the P-80, as well as generate a substantial amount of work in Brazil with thousands of jobs for the country.”  

Keppel O&M said it would undertake design and engineering work for the FPSO vessel at its centres in Singapore, Brazil, China, and India.

The topside modules’ fabrication will be spread across its facilities in Singapore, China, and Brazil, followed by integration and commissioning works in Singapore.

Shipbuilding company CIMC Raffles will undertake the construction of the hull and accommodation in China.

Keppel O&M will also undertake the final phase of offshore commissioning works upon the arrival of the FPSO unit at the Buzios field.

Designed to maximise carbon reinjection and reduce the need for gas flaring, the P-80 will feature energy recovery systems for thermal energy, waste heat, and gas, as well as seawater deaeration to reduce fuel consumption.

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