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Seatrium secures FPSO newbuild contracts P-84 and P-85 from Petrobras

28 May 2024

Photo - see caption

Seatrium, a global provider of engineering solutions to the offshore, marine, and energy industries, has won an international tender from Brazil’s National Oil Company Petrobras, acting as operator of Atapu(1) and Sepia(2) consortiums, for the newbuild supply of Floating Production Storage and Offloading vessels (FPSO) platforms P-84 and P-85. With the contracts valued at approx. S$11 billion, these high throughput FPSOs will be deployed in the Atapu and Sépia fields, located in the eastern part of the Santos Basin, approx. 200 kms offshore of Rio de Janeiro in Brazil.

Photo - see caption
Seatrium secures FPSO newbuild contracts P-84 and P-85 from Petrobras

Seatrium Group signs ground-breaking P-84 and P-85 contracts with Petrobras, solidifying its role as a global leader in engineering solutions for the supply of FPSOs. (Photo: Seatrium Limited)

The P-84 and P-85 platforms are part of Petrobras' new generation of FPSO platforms, characterised by a high production capacity that prioritise sustainable practices with innovative technologies. The P-84 and P-85 FPSOs will each have a production capacity of 225,000 barrels of oil per day (bopd) and gas processing capacity of 10 million cubic meters per day (Sm3/d). Both FPSOs will incorporate advanced technologies such as zero routine flaring and venting, variable speed drives and measures to control emissions and capture CO2, including an all-electric concept, which focuses on efficient power generation and increased energy efficiency to achieve a 30% reduction in greenhouse gas emissions intensity. These features will enhance operational efficiency and reduce environmental impact, showcasing Seatrium's commitment to responsible and sustainable operations.

Construction for the P-84 and P-85 FPSOs will commence in first quarter of 2025 with the final delivery expected to be in 2029.

Supply of the FPSO platforms will leverage the Group’s 'One Seatrium Delivery Model', where operations and engineering support are integrated across different yards globally. Seatrium’s facilities in Brazil, China, and Singapore will manufacture the modules, weighing an impressive 60,000 metric tonnes, with the outsourced hull and accommodation transported to Singapore for topside module integration and commissioning. After successful integration and commissioning in Singapore, the FPSO platforms will be towed to the Atapu and Sépia fields for offshore commissioning.

This streamlined delivery model optimises collaboration and utilises Seatrium's global facilities and international yard footprint to deliver quality and high-calibre platforms expected to exceed industry standards while adhering to sustainable practices in the oil and gas industry.

Mr Chris Ong, CEO of Seatrium, said, 'We are honoured to be selected by Petrobras through a rigorous tender process to supply the P-84 and P-85 FPSO vessels, solidifying our position as the preferred partner for transformative projects. Through the One Seatrium Delivery Model, we are integrated globally to deliver cost-effective, value-added solutions to our esteemed customers. Leveraging our worldwide engineering, procurement and project management expertise in close collaboration with our customers, we will create quality assets with the highest safety standards and a lower carbon footprint, shaping the industry for a greener future.'

Seatrium is today the only global offshore and marine engineering group that provides end-to-end delivery of projects in key markets, including Brazil. Over the years, the Group has delivered a significant number of projects for Brazil, including FPSOs, Floating Storage Regasification Units, drilling rigs and accommodation vessels, to support the country’s growing energy infrastructure. Its current order book includes four other Petrobras FPSO newbuilds, the P-78, P-80, P-82 and P-83. Beyond creating over 10,000 employment opportunities, Seatrium has also contributed tremendously to the growth and development of the local communities it operates in.

(1) The Atapu consortium consists of: Petrobras as operator (65.7%), Shell (16.7%), TotalEnergies (15%), Petrogal Brasil (1.7%), Pré Sal Petróleo S.A. (0.9%).
(2) The Sepia consortium consists of: Petrobras as operator (55.3%), TotalEnerigies (16.9%), PETRONAS (12.7%), QatarEnergy (12.7%) Petrogal Brasil(2.4%)

See also, Petrobras announcement (and photo, below): Petrobras signs contracts for Platforms P-84 and P-85

Photo - see caption
The P-84 (Atapu) and P-85 (Sépia) platforms will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day (Source: Petrobras)

Original announcement link

Source: Seatrium

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