Keppel signs $2.9Bn deal to build P-80 FPSO for Petrobras

Keppel Offshore & Marine has won a tender from Brazilian state-oil firm Petrobras for the engineering, procurement, and construction (EPC) of the P-80 FPSO for about $2.9 billion.

The deal was won by Keppel Offshore & Marine’s wholly owned subsidiary, Keppel Shipyard. Scheduled for completion in the first half of 2026, the P-80 is the second FPSO that Keppel O&M will be building for Petrobras for the Búzios field in Brazil.

The primary FPSO, the P-78, is at the moment under construction by Keppel Shipyard. The P-80 is structured on progressive milestone funds and can be cash-flow impartial throughout its execution lifecycle.

The P-80 will be one of the larger floating manufacturing models with a manufacturing capability of 225,000 bopd, water injection capability of 250,000 bpd, 12 million cubic meters of gasoline processing per day, and a storage capability of two million barrels of oil. When complete, the P-80 will be on par with the most important oil-producing platforms in Brazil.

Chris Ong, CEO of Keppel O&M, said: “We’re happy to be chosen by Petrobras for a repeat order of one more landmark FPSO vessel, which reaffirms our capabilities as the popular companion for advanced turnkey tasks.”

The design and engineering of the FPSO will be carried out by facilities in Singapore, Brazil, China, and India.

Each FPSOs are designed to maximise carbon reinjection and decrease the necessity for gasoline flaring.

The FPSO can be fitted with vitality restoration programs for thermal vitality, waste warmth, and gasoline, in addition to seawater deaeration to scale back the consumption of gas and the carbon emissions of the vessel.

For more information visit www.keppelom.com

22nd August 2022