Monday, September 26, 2022

Petrobras looking for new floating production vessel for Campos Basin

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Petrobras on Tuesday launched a tender for a new floating oil platform as it moves ahead with the Albacora field, located in the pre-salt Campos Basin.

The Brazilian state-owned entity said that the unit will be chartered for 27 years with the capacity to produce 120,000 barrels per day and process six million cubic meters of gas per day.

According to Petrobras, the idea is to replace the two units currently in operation in Albacora (P-25 and P-31) with the new platform, which will operate in a water depth of 670 meters.

The new floating, production, storage, and offloading (FPSO) vessel will be connected to 29 wells, 18 of which are producers and another 11 for water injection. The initial forecast is that the opening of bids will take place on February 13, 2023.

The Albacora field had been in Petrobras’ divestment portfolio, but could not settle with PetroRio on terms for sale acceptable to both sides. Instead, Petrobras decided to keep Albacora in its portfolio and start a project to revitalise the field, with the contracting of the new platform.

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