Published on 27 May 2024 on Zacks via Yahoo Finance

Petrobras (PBR) Awards $11B Contract to Seatrium for FPSOs

Petrobras PBR, Brazil's largest oil and gas company, has awarded a contract to Singaporean state-owned Seatrium, a leading offshore and marine specialist through an international tender. The deal, valued at approximately $11 billion, tasks Seatrium with constructing two new floating production storage and offloading (FPSO) vessels for deployment in Brazil's Santos Basin.

Cutting-Edge FPSOs for Atapu and Sepia Fields

The P-84 and P-85 FPSO platforms are scheduled to be installed in the Atapu and Sepia fields, which are located around 200 kilometers offshore from Rio de Janeiro, Brazil, in the eastern Santos basin.  Each FPSO is designed to have a production capacity of 225,000 barrels of oil per day and a gas processing capacity of 10 million cubic meters per day. These high-capacity platforms are part of Petrobras' latest generation of FPSOs, tailored for enhanced efficiency and sustainability.