Petrobras
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The new floater is producing oil from the Itapu field in the Santos Basin -
Transocean rigs will start new contracts in Brazil in the second half of 2023.
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A second well, Curaçao, also encountered commercial oil volumes in the Santos Basin.
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By 2030, deepwater production is expected to rise 60%, but after that, reduced leasing and exploration could limit this small slice of the sector.
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Petrobras will continue to operate the assets following the selldown of working interest.
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The repeat order from Petrobras brings Keppel O&M’s net order book to about $8.2 billion.
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The deepwater find will now be delineated to verify size.
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The new-generation FPSO will minimize emissions with carbon capture and reinjection as well as energy-recovery capabilities.
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The contractor will finalize the chosen FPSO solution for the development in the Campos Basin pre-salt off Brazil.
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It has often been considered risky to use heavy drillships in depths below 2,000 ft. However, a good measure of innovation and market timing has recently proved otherwise.
