Brazil's state-owned oil and gas company Petrobras has contracted Seatrium to construct two floating production, storage, and offloading (FPSO) units for operations in the Santos Basin.
The S$11bn ($8.15bn) deal is for the construction of P-84 and P-85 FPSOs, which will be deployed at the Atapu and Sépia fields, respectively.
P-84 and P-85 can each produce 225,000 barrels of oil per day, and they can each process 10 million cubic metres of gas per day.
The FPSOs will be built in shipyards across Brazil, China, and Singapore, with local content anticipated to be 20% for P-84 and 25% for P-85.
Located in the eastern region of the Santos Basin, some 200km off the coast of Rio de Janeiro, the Atapu and Sépia fields are currently operational with two platforms, the P-70 and the FPSO Carioca, respectively.
The addition of P-84 and P-85 will mark the second phase of development in these fields.
In order to achieve a 30% reduction in greenhouse gas emissions intensity, both FPSOs will be equipped with technologies such as variable speed drives, zero routine flaring and venting, as well as measures to control emissions and capture CO2.
Seatrium CEO Chris Ong said: "We are honoured to be selected by Petrobras through a rigorous tender process to supply the P-84 and P-85 FPSO vessels, solidifying our position as the preferred partner for transformative projects. Through the One Seatrium Delivery Model, we are integrated globally to deliver cost-effective, value-added solutions to our esteemed customers.
“Leveraging our worldwide engineering, procurement and project management expertise in close collaboration with our customers, we will create quality assets with the highest safety standards and a lower carbon footprint, shaping the industry for a greener future."
As the operator, Petrobras has a 65.7% stake in Atapu and 55.3% in Sépia field, alongside international partners such as Shell, TotalEnergies, PETRONAS, QatarEnergy, and Petrogal Brasil.
The construction of the FPSOs is set to commence in the first quarter of 2025, with completion anticipated in 2029.
In a separate development, Petrobras has appointed Magda Chambriard to its board of directors and as the new CEO.
