Business/economics

Petrobras Contracting Sixth FPSO in Búzios Field

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Petrobras began negotiations with SBM Offshore to contract the floating production, storage, and offloading (FPSO) Almirante Tamandaré to be installed in the Búzios field in the Santos Basin.

The FPSO will be the sixth production system of the field, with startup expected 2H 2024. It will also be the largest oil-production unit operating on the Brazilian coast and one of the largest in the world with daily processing capacity of 225,000 bbl of oil and 12 million m3 of gas.

The other two units to be installed in Búzios, FPSOs P-78 and P-79, will have the capacity to process 180,000 B/D of oil and 7.2 million m3/D of gas and are expected to start operating in 2025. The two units are the result of Petrobras’ strategy to develop new platforms incorporating lessons learned from the contracting and construction of FPSOs already installed.