Keppel bags US$2.9 billion contract for ninth FPSO in Brazil’s Búzios field

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Keppel Offshore and Marine – a subsidiary of Keppel Shipyard – has secured a US$2.9 billion contract for the engineering, procurement, and construction of a new platform vessel for Brazil’s Petrobras.

It would be the ninth vessel for Petrobras’ Búzios offshore oil field.

Scheduled for completion in 1H 2026, the P-80 would be the second floating, production, storage, and offloading (FPSO) vessel that Keppel O&M will be building for Petrobras. The first FPSO – P-78 – is currently under construction by Keppel Shipyard.

The P-80 will be one of the largest FPSOs in the world with a production capacity of 225,000 barrels of oil per day (bpd), water injection capacity of 250,000 bpd, 12 million cubic metres of (Sm3/d) of gas processing per day and a storage capacity of two million barrels of oil. The project foresees the interconnection of 14 wells, seven of which are oil producers and seven injectors.

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Keppel said that the design and engineering will be carried out through its centers in Singapore, Brazil, China, and India. The fabrication of the topside modules, which weigh about 47,000 metric tonnes (MT) in total, will be spread across its facilities in Singapore, China, and Brazil, with the integration and commissioning works to be completed in Singapore.

Construction of the hull and accommodation will be carried out by CIMC Raffles Shipyard in China. Keppel O&M will also undertake the final phase of offshore commissioning works when the FPSO arrives at the Búzios field.

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The P-80, along with the P-78 FPSO, will incorporate green features such as carbon capture and reinjection of carbon back into the reservoir where it is stored. Both FPSOs are designed to maximise carbon reinjection and minimise the need for gas flaring.

In addition, the P-80 will also be outfitted with energy recovery systems for thermal energy, waste heat and gas, as well as seawater deaeration to reduce the consumption of fuel and the carbon emissions of the vessel.

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Meanwhile, Petrobras said with substantial reserves, low risk and low extraction cost, the Búzios field should reach the end of this decade with daily production of around two million barrels of oil equivalent per day (boepd), becoming its “asset of higher production.”

Four platforms currently operate in the Búzios field; the P-74, P-75, P-76 and P-77. Four other units are also under construction – the FPSO Almirante Barroso; FPSO Admiral Tamandaré; P-78 and P-79.

Petrobras is the operator of the field with a 92.6% stake, with CNOOC and CNODC as partners, with 3.7% each.


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