Petrobras sets its cap on 14 new FPSOs by 2028 but decarbonization bells and whistles are a must for all

(Offshore-energy.biz) Brazil’s state-owned oil and gas giant Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years. As the Brazilian energy heavyweight is also determined to raise its emissions reduction bar, the new FPSOs and solutions are expected to come with decarbonization tools and technologies to enable the firm to reach its net zero goals.

Petrobras’ energy transition pursuit is not surprising since the company is actively pursuing ways to lower its greenhouse gas (GHG) emissions footprint. In line with this, the firm’s ‘Strategic Plan 2024-2028‘ highlights its intention to dish out $102 billion over the next five years, with $11.5 billion earmarked for projects propelling its decarbonization agenda forward. 

As the Brazilian giant intends to start up 14 FPSOs from 2024 to 2028, accounting for a third of the global FPSO orders in this period, it is believed that the firm will need a broad and qualified supply chain to meet the demand for new production systems in the coming years. In addition, this will result in a considerable demand for underwater systems to connect such units.  

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