Petrobras has started talks with SBM Offshore NV to hire a floating platform for the Buzios Field in the Santos Basin, the Brazilian state-controlled oil company said Sept. 15.
The Almirante Tamandaré FPSO unit is set to be Brazil’s largest, with capacity to produce 225,000 barrels of oil per day and 12 million cubic meters of gas, Petrobras said.
The FPSO will be the sixth at the Buzios Field, one of the world’s largest oil discoveries this century and is planned to start production in 2024, Petrobras said.
The company will pay daily rates to lease the vessel from SBM, which will build it.
Petrobras will hire the ship directly from SBM as currently there are no other suppliers available, the company said.
Petrobras has not yet completed tenders for two additional FPSOs planned for Buzios, the company said.
Recommended Reading
Shell Selects SLB for Deepwater Drilling Contracts
2025-01-08 - SLB will deliver the projects in the U.K. North Sea, Trinidad and Tobago and the Gulf of Mexico, among others regions, over the next three years.
E&P Highlights: Feb. 24, 2025
2025-02-24 - Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
Baytex Completes Sale of Kerrobert Thermal Asset for $42MM
2024-12-23 - Baytex Energy’s divested Kerrobert non-core thermal asset can produce approximately 2,000 bbl/d of heavy oil.
Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch
2025-01-30 - Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.
Devon, BPX to End Legacy Eagle Ford JV After 15 Years
2025-02-18 - The move to dissolve the Devon-BPX joint venture ends a 15-year drilling partnership originally structured by Petrohawk and GeoSouthern, early trailblazers in the Eagle Ford Shale.