Report: Keppel Submits Lowest Bid to Build FPSO for Petrobras' Buzios Field

Sabrina Valle and Marta Nogueira
Thursday, February 4, 2021

A consortium led by Singapore-based Keppel Shipyard Limited offered Brazil's Petrobras the lowest price to build a floating platform for Buzios, Latin America's second-largest oil field, three people close to the competition said.

Keppel offered to build P-78, a 180,000-barrels-per-day production unit that Petrobras plans for its deepwater Buzios field, for 12.52 billion reais ($2.33 billion), the sources said, asking not to be named as the information is confidential.

A winner has not been selected and the result is unclear, the sources said.

Petroleo Brasileiro SA, as Brazil's state-controlled producer is known, declined to comment. Keppel did not immediately respond to requests for comment.

The Singapore shipyard, which partnered with Hyundai Heavy Industries Holding Co Ltd and Brazil-based BrasFELS shipyard for the bid, beat two Asian competitors, sources said.

A consortium led by Daewoo Shipbuilding & Marine Engineering Co Ltd offered to build the P-78 platform for 14.11 billion reais ($2.63 billion). Samsung Heavy Industries Co Ltd placed the highest bid, 15.15 billion reais ($2.82 billion), the people said.

The competition marks Petrobras' comeback as a key customer for Asian shipyards, since Petrobras decided to regain ownership for part of its fleet after seven years only leasing.

Petrobras received offers on Feb. 1 for the construction of platforms P-78 and P-79, the company said on Tuesday.

($1 = 5.3644 reais)

 (Reporting by Sabrina Valle and Marta Nogueira; Editing by Brad Haynes and Marguerita Choy)


Categories: Energy Activity FPSO Production South America Asia Floating Production

Related Stories

Petrobras Picks TechnipFMC for Flexible Flowlines Delivery off Brazil

Framo Signs Record Pump Service Deal for Petrobras FPSO Fleet

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Current News

Shell to Take 30% Stake in Equinor's Bay du Nord Project off Canada

Transocean Adds $1.1B to Offshore Drilling Backlog

Gennaker Offshore Substations Depart for Baltic Sea Installation (Video)

Valeura Starts Wassana Platform Installation Offshore Thailand

Subscribe for OE Digital E‑News