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Petrobras talking with SBM Offshore regarding biggest oil production unit located in Brazil
Sep 25, 2020

Dutch FPSO provider SBM Offshore and Brazilian oil giant Petrobas are talking regarding the charter of an FPSO vessel for operations on the Buzios field located in Santos basin, offshore Brazil.

On Tuesday, Petrobras mentioned that it has started negotiations with SBM Offshore to contract the FPSO Almirante Tamandaré to be installed in the Búzios field.

According to Petrobras, it will be the biggest oil production unit operating on the Brazilian coast and set to be one of the largest in the world once built, and able to produce a capacity of 225 thousand barrels of oil and 12 million m3 of gas.

The FPSO Almirante Tamandaré will be the sixth production system of the Búzios field, with initial start-up to be scheduled for the 2nd half of 2024.

Petrobras noted it keeps a regular close watch on the FPSOs world market and has found that, at this moment, only SBM has the required capacity to meet the technical, operational and availability requirements of the company.

In a separate statement on Tuesday, SBM Offshore confirmed it has started negotiations with Petrobras for the charter contract for the FPSO Almirante Tamandaré. The estimated production capacity of the unit is 225,000 barrels of oil and 12 million m3 of gas per day. Only when an agreement is reached, SBM Offshore said it will provide and update to the market.

Petrobras added that the other two units to be installed in Búzios, FPSOs P-78 and P-79, will be contracted by bidding, in the engineering, procurement and construction (EPC) area. The contracting process has already begun, and the winning companies of the public pre-qualification carried out by Petrobras will participate in it. The platforms will have the capacity to process 180 thousand barrels of oil and 7.2 million m3 of gas daily and are expected to begin operating in 2025.

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