Keppel Scoops Newbuild FPSO P-80 Contract From Petrobras
The new-generation FPSO will minimize emissions with carbon capture and reinjection as well as energy-recovery capabilities.
Keppel Shipyard has won an international tender from Brazil’s Petrobras for the engineering, procurement, and construction (EPC) of FPSO P-80 for about $2.9 billion. Scheduled for completion in the first half of 2026, the P-80 is the second FPSO that Keppel will be building for Petrobras for the Buzios pre-salt field in Brazil's Santos Basin. The first FPSO, P-78, is currently under construction by Keppel.
The P-80 will be one of the largest floating production units in the world with a production capacity of 225,000 B/D of oil, water-injection capacity of 250,000 B/D, 12 million m3 of gas processing per day, and a storage capacity of 2 million bbl of oil. When completed, the P-80 will be on par with the largest oil-producing platforms in Brazil, and will be the ninth of a planned dozen FPSOs Petrobras intends to operate in the Buizos field by the end of the decade.
“We are pleased to be selected by Petrobras for a repeat order of yet another landmark FPSO vessel, which reaffirms our capabilities as the preferred development partner for complex turnkey projects,” said Chris Ong, chief executive of Keppel Shipyard parent Keppel O&M. “Our first such project for the Buzios field, the P-78, is being built on this operating model. It is progressing on track with its schedule and within budget. Drawing from our experience with the P-78, we are confident that we can further enhance the efficiency and economics of the P-80, as well as generate a substantial amount of work in Brazil with thousands of jobs for the country.”
Keppel O&M will make use of its global network of yards, offices, and partners to undertake the project execution. 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 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 in China. Keppel O&M will also undertake the final phase of offshore commissioning works when the FPSO arrives at the field.
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 maximize carbon reinjection and minimize the need for gas flaring.
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.