Búzios

FPSO to be connected to high-pressure subsea separation technology pilot project.

The work covers integrated well construction services for the Búzios field off Brazil.

The repeat order from Petrobras brings Keppel O&M’s net order book to about $8.2 billion.

The new-generation FPSO will minimize emissions with carbon capture and reinjection as well as energy-recovery capabilities.

Brazil’s national oil company estimated a reduction of 22 to 38% in capital expenditures in E&P from its 2020–2024 strategic plan and expects to spend $6 billion through 2024 to decommission offshore platforms and wells and underwater gas pipelines.

In its push to boost deepwater production, Petrobras is aiming to launch a leasing tender to build an FPSO described as Brazil’s largest-ever oil platform. Decommissioning work begins in the Campos and the Sergipe-Alagoas Basins.

The Búzios-5 production system is planned to include the interconnection of 15 wells to a floating production, storage, and offloading vessel in two phases.

Just three firms submitted bids in an auction many are deeming as a disappointment for Brazil.