The Brazilian Federal Court of Accounts (TCU) Audits Petrobras’ Contracting of Floating Production Storage and Offloading (FPSO) Vessels

The Brazilian Federal Court of Accounts (TCU) conducted an audit to analyze how Petrobras contracts and operates FPSOs. These vessels are used to process oil and gas at sea, store it, and then transfer it to other ships. They are important for Petrobras because they are more flexible and faster to install than stationary exploration... Continue Reading →

Petrobras clarifies on bidding process for vessels

Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media about Petrobras' “R$16 billion bidding process for offshore vessels”, clarifies that the company has provided the clarifications requested, due to a complaint. Following the clarifications provided by Petrobras, two technical units of the TCU - Brazilian General Accounting Office - issued  pronouncements, on... Continue Reading →

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