Petrobras to hire 3 FPSOs in 2018

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Tuesday, November 14, 2017

Petrobras plans to auction the construction and operating contracts for three floating production storage and offloading units (FPSOs) in 2018, production development director Roberto Moro said during the Brazilian state-run oil giant's Q3 financial results presentation.

The platforms to be chartered will be designed to produce oil and gas from the Búzios, Revitalização de Marlim (the auction for which is underway) and Parque das Baleias projects, which are scheduled to come on stream between 2020 and 2021.

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The last FPSO auction held by Petrobras, for the chartering of the Sépia platform, was won by Japan's Modec.

The process regarding the Libra platform is currently halted pending regulatory definitions related to local content requirements.

So far the FPSOs scheduled to produce first oil in Petrobras-operated areas in 2018 are the P-67, P-68, P-69, P-70, P-74 and P-75 units, all of them owned by the company.

BUSINESS PLAN

According to CEO Pedro Parente, the revision of the company's business plan should be published by year-end.

"It won't be a radical revision, just punctual changes, as the current plan was well designed and remains adequate," he said.