Fossil energy – Brazil
South Korea’s Hyundai Heavy Industries has been selected to fabricate the hull and living quarters for the P-78 floating production, storage and offloading vessel destined for Petrobras’ Buzios field offshore Brazil.
Hyundai will provide the 85,000-tonne hull and the living quarters for 240 persons under the US$2.3 billion turnkey engineering, procurement and construction contract that Petrobras confirmed on Monday it had awarded to Keppel Offshore Marine of Singapore.
Keppel will fabricate the topsides modules weighing 43,000 tonnes at its yards in Singapore, Brazil and China and will also perform the integration and commissioning works for the FPSO.
Scheduled for completion in late 2024, the floater will be customised for deployment at the deep-water Buzios field. The P-78 will have production capacity of 180,000 barrels per day of crude, 7.2 million cubic metres per day of gas and a storage capacity of 2 million barrels of oil.
Upon completion, the FPSO will transit to the Buzios field where Keppel O&M will carry out the final phase of offshore commissioning works. The P-78 EPC contract will be based on progressive milestone payments.