DISPUTE FOR THE BÚZIOS V FPSO CONTRACT PROMISES TO BE FIERCE

 

  1. May, 2018

After successive and several delays by Petrobrás to receive the tender proposals for the charter of the FPSO of Búzios V, finally the state-owned company took new steps in the process. In the market, the comment is that big players from abroad have entered the bidding, which is promising to be quite fierce. At least three groups – Belgium’s Exmar, Malaysia’s MISC and Japan’s Modec – are in the running, aiming to charter a vessel capable of producing 180,000 barrels a day of oil and 6 million cubic meters a day of natural gas.

The Búzios V FPSO will be chartered for a period of 21 years, with the possibility of extension for an equal interval. The unit is expected to come on stream by 2021.

The Búzios field is in the northern region of the Santos Basin. In April, Petrobrás started production of the region, the first under the onerous assignment regime, with the P-74 platform. In addition to the P-74, between 2018 and 2021, four more platforms in the field – including Búzios V – will be installed, each capable of processing up to 150,000 barrels of oil and 6 million cubic meters of gas per day.

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