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Singapore hashes two FPSO contracts with Petrobras

Oil and gas tech firm Keppel scores USD 950m deal for two FPSO’s to be deployed in the Guara and Tupi fields

Singapore hashes two FPSO contracts with Petrobras
Each FPSO will have a production capacity of 150,000 barrels of oil per day

Oil and gas tech firm Keppel Offshore & Marine (Keppel O&M) will install topside modules on two Floating Production Storage and Offloading vessels (FPSO) to be operated by Petrobras, the Singapore-based firm announced on Friday.

The Brazilian subsidiary of Keppel Offshore & Marine (Keppel O&M), Keppel FELS Brasil S.A. has inked two contracts worth a total of approximately USD 950m from the Petrobras-led consortiums, Guara BV and Tupi BV.
Keppel will construct and integrate topside modules on two FPSO’s, P-66 and P-69, at its BrasFELS shipyard in Angra dos Reis, Rio de Janeiro.

P-66 will be deployed to the Guara field while P-69 to the Tupi field offshore Brazil. Each FPSO will have a production capacity of 150,000 barrels of oil per day.

The contract follows a series which have brought both firms increasingly closer. Keppel on Monday hashed a USD 4.1bn deal to build five semisubmersible offshore drilling rigs for the Brazilian oil giant.