Brazil’s Petrobras has awarded Keppel Offshore & Marine (Keppel O&M) a contract worth nearly $2.8bn for the P-83 floating production, storage, and offloading vessel (P-83 FPSO).
The engineering, procurement, and construction (EPC) contract has been awarded to Keppel O&M’s subsidiary Keppel Shipyard.
The P-83 FPSO forms part of the Búzios field development project offshore Brazil. It will be the 11th unit to be installed at the Petrobras-operated field in the Santos Basin pre-salt area.
The contract is a repeat order for Keppel O&M following the contract for FPSO P-80 that was awarded by Petrobras last month.
The P-83 FPSO will be the third such unit to be built for Petrobras’ Buzios field by Keppel O&M, the other one being the P-78 FPSO.
Keppel O&M CEO Chris Ong said: “We are able to draw insights from the first of our newbuild FPSOs, the P-78, which is progressing well and contributing to Keppel O&M’s earnings.
“As the P-83 and P-80 are identical units, greater economies of scale and productivity gains can be expected as we are able to further optimise the engineering and construction process, as well as fully leverage technology and the seamless coordination with our partners in the execution.”
Expected to start production in 2027, the P-83 FPSO will have a capacity of 225,000 barrels of oil per day (bopd).
It can store two million barrels of oil and will also have a 250,000bpd water injection capacity and a gas processing capacity of 12 million cubic metres per day (Sm³/d).
The FPSO is expected to increase the Búzios field’s capacity to 2Mbpd from the current 600,000bpd and will be built at shipyards in China, Singapore, and Brazil.
Petrobras said in a statement: “The P-83 is part of the company’s new generation of platforms, with high production capacity and technologies to reduce carbon emissions. The platform will use closed flare technology, which increases the use of gas and prevents it from being burned into the atmosphere, in a safe and sustainable way.
“Another innovation will be the methane gas detection system, capable of acting to prevent or mitigate the risk of leaks of this compound.”
Petrobras owns a 92.6% stake in the field while its other partners, China’s CNOOC and CNODC, will each hold a 3.7% interest.