Petrobras may consider canceling two FPSO orders

Offshore staff

RIO GRANDE, Brazil – Petrobras may cancel two FPSO vessel orders. Reuters reports the mayor of Rio Grande, Brazil, where the work is being done, has said the consortium building the FPSOs has asked for more cash and that could prompt Petrobras to call a halt.

The report says Queiroz Galvão and IESA have required a 10% increase above the original price to accommodate change orders from Petrobras on the modifications to FPSOs P-75 and P-77.

The consortium is responsible for modules and integration with the converted VLCC hulls.

If completed, the FPSO are scheduled for delivery in 2016 and 2017. Each will have production capacities of 150,000 b/d of oil. The vessels are targeted for the Buzios field in the Cessao Onerosa area offshore Brazil.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...