Petrobras orders US$2.3 billion FPSO from Saipem and Korea’s DSME
Brazilian oil and gas major Petrobras has signed a contract with a joint venture formed by Saipem and DSME in the amount of US$2.3 billion for the supply of P-79, the eighth unit to be installed in Búzios field, in the Santos Basin pre-salt area.
With a capacity to process 180,000 barrels of oil per day and 7.2 million cubic metres of gas per day, the platform is an FPSO type, a floating unit which produces, stores, and transfers oil. The delivery is scheduled for 2025, Petrobras said on the 10th June.
The FPSO supply will result from the EPC (engineering, procurement, and construction) contracting modality and from Petrobras’ strategy of developing new projects for its own platforms, incorporating the lessons learned from the FPSOs already installed in the pre-salt, including contracting and construction aspects.
The project foresees the interconnection of 14 wells to the FPSO, eight of which are producers and six injectors, through a subsea infrastructure composed of rigid production and injection pipelines and flexible service pipelines.
In a separate statement on the 10th June, Italy’s Saipem confirmed the contract award, adding that its portion is worth approximately US$1.3 billion.
The Búzios field, discovered in 2010, is the biggest deep-water oil field in the world. It should reach the end of the decade with daily production above two million barrels of oil equivalent per day, becoming the Petrobras asset with the highest production.
Currently, there are four units operating in Búzios, which account for more than 20 per cent of Petrobras’ total production. The fifth, sixth, and seventh platforms planned for the field (FPSOs Almirante Barroso, Almirante Tamandaré, and P-78) are under construction, and the ninth unit (P-80) is under contracting process.
Petrobras had signed a letter of intent with SBM Offshore for the chartering and provision of services for the FPSO Almirante Tamandaré in February 2021.
The contract to build the P-78 FPSO was awarded to Keppel in May 2021.
Source: Offshore Energy Today