Petrobras receives three offers to build FPSO platforms for Buzios field

Brazilian state-owned oil company Petroleo Brasileiro (Petrobras) has reportedly received three bids to build floating production storage and offloading (FPSO) units for the Buzios field offshore Brazil.

Keppel offered to build the FPSO platform for the Buzios field. Credit: wasi1370 from Pixabay.

Discovered in 2010 and brought on stream in April 2018, the Buzios field is said to be Latin America’s second-largest of its kind. It is located in the pre-salt Santos Basin offshore Rio de Janeiro.

For the field, Keppel offered to build the FPSO platform, P-78, with an investment of R$12.52bn ($2.33bn), Reuters reported, citing three people close to the competition.

The Keppel Shipyard-led consortium partners include Hyundai Heavy Industries Holding and Brazil-based BrasFELS shipyard.

Petrobras also received a bid from Daewoo Shipbuilding & Marine Engineering-led consortium, which offered to build the P-78 platform for R$14.11bn ($2.63bn), according to the sources.

The news agency cited undisclosed sources as saying that Samsung Heavy Industries placed the highest bid of R$15.15bn ($2.82bn) to build the FPSO platform.

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The bids follow a tender round launched by Petrobras last July to build three new FPSO platforms for Buzios field.

The FPSOs are part of the company’s asset development plan, under which it expects to install 12 units by the end of the decade.

The first of the three new units, named FPSO Almirante Tamandaré, is planned to start operations in the second half of 2024.

The other two units, P-78 and P-79, are expected to commence operations in 2025.

Each of the FPSO units will have the capacity to process 180,000 b/d of oil and 7.2 MMcm/d of gas.