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    Keppel O&M wins $2.8bn newbuild FPSO contract from Petrobras

Summary

The P-83 FPSO is a repeat order of the P-80 FPSO that Keppel O&M secured in August this year.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, News By Country, Brazil, Singapore

Keppel O&M wins $2.8bn newbuild FPSO contract from Petrobras

Keppel Offshore & Marine (Keppel O&M)’s wholly-owned subsidiary, Keppel Shipyard, has won a $2.8bn contract from Brazil’s Petrobras to undertake the engineering, procurement and construction (EPC) of a floating production, storage and offloading vessel (FPSO), Keppel O&M said on September 28.

Scheduled for delivery in 1H 2027, the P-83 FPSO is a repeat order of the P-80 FPSO that Keppel O&M secured in August this year. The contract adds approximately S$3.8b ($2.64) to Keppel O&M’s order book bringing it to about S$11.8bn.

The P-83 will be the third FPSO that Keppel O&M is building for Petrobras for the Buzios field. In addition to the P-80, Keppel O&M is currently working on the P-78 FPSO awarded in May 2021.

The FPSO has a production capacity of 225,000 barrels/day, water injection capacity of 250,000 b/d, 12 m3/day of gas processing and a storage capacity of 2mn barrels of oil.

The P-83, P-80, and P-78 FPSOs will be equipped with green technologies such as CCUS to separate the carbon, reinject it back into the reservoir where it is stored and minimise the need for gas flaring, Keppel O&M said. The FPSOs will also feature energy recovery systems for thermal energy, waste heat and gas, and seawater deaeration to reduce fuel consumption and the vessel's carbon emissions.