Keppel Shipyard, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has received a contract worth approximately $2.9bn from Brazilian national oil company Petroleo Brasileiro (Petrobras) for a new floating production, storage and offloading vessel (FPSO).
Under the contract, Keppel Shipyard will be responsible for the engineering, procurement and construction (EPC) of the FPSO, known as P-80.
P-80 is expected to be completed in the first half of 2026 and is the second FPSO being built by Keppel O&M for the Petrobras Buzios field.
Keppel Shipyard is currently engaged in the construction of the first FPSO, known as P-78.
Claimed to be one of the largest floating production units globally, P-80 will have a production capacity of 225,000 barrels of oil per day (bopd) and 250,000bpd water injection capacity.
The FPSO will also have a storage capacity of 2Mbpd of oil and a gas processing capacity of 12 million cubic metres per day.
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Keppel O&M CEO Chris Ong said: “We are pleased to be selected by Petrobras for a repeat order of yet another landmark FPSO vessel, which reaffirms our capabilities as the preferred development partner for complex turnkey projects.
“By leveraging our strong EPC capabilities and network of yards, as well as teaming up with leading industry specialists, we have been able to offer a win-win solution that is both cost-effective for our customer and profitable for Keppel O&M and our partners.”