Brought to you by Quest Offshore & Southern Cone Consultants
Sept. 23- Petrobras has entered the commercial negotiation phase with the Malaysian builder and operator Yinson regarding the Albacora FPSO (P-88)—a project led by the state-owned company in the Campos Basin. The proposal was deemed valid by the company's technical team, and Petrobras will now negotiate for "better terms." Yinson submitted the lowest price in... Continue Reading →
Sept. 13 (agencuainfra.com) Petrobras is expected to approve the proposal submitted by the Malaysian builder and operator Yinson for the Albacora FPSO (P-88), a Petrobras project in the Campos Basin. Sources at the state-owned company told Agência iNFRA that, despite concerns raised privately by competitors, the project design complies with the requirements. Companies that participated... Continue Reading →
Sept. 13 (agenciainfra.com) Lourenço Fróes, coordinator of Petrobras’ New FPSO Program (Profort), indicated on Friday (11) that the state-owned company is considering renewing the operating contracts for the FPSOs (Floating Production, Storage, and Offloading units) in the Seap (Sergipe Deepwater) project with the builder and operator SBM Offshore. Currently, the contracts run for six and... Continue Reading →
Aug. 27 (OE) Singapore's Seatrium is preparing for the sailaway of two floating production, storage and offloading (FPSO) units for Brazil's Petrobras, with the P-80 and P-82 vessels scheduled to depart within weeks of each other. The two vessels were marked at a christening ceremony at Seatrium's Tuas Boulevard Yard in Singapore and will head... Continue Reading →
Aug. 10 (PN) Petrobras released the list of companies that submitted bids for the new Albacora FPSO in the Campos Basin. Malaysian company Yinson took the lead in the race, submitting the best offer at US$ 2.297 billion. Four other companies that also submitted bids: China's COOEC (US$ 2.842 billion); India's Shapoorji (US$ 2.9 billion);... Continue Reading →
May 29, 2026 SBM Offshore announces that it has been awarded contracts by Petróleo Brasileiro S.A. (Petrobras) for two FPSO projects located in the Sergipe-Alagoas basin, located in the northeastern part of Brazil. Under these contracts, SBM Offshore will design, build and operate FPSOs SEAP-I and SEAP-II. The consortia led by Petrobras will own the... Continue Reading →
April 13, 2026 – Petróleo Brasileiro S.A. - Petrobras announces that its Board of Directors has today approved the final investment decision (FID) for the SEAP I project, in the Sergipe-Alagoas Basin, consolidating the development of Sergipe Deepwater (SEAP), a new oil and gas production frontier in the country. The FID for the SEAP II... Continue Reading →
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 →
