Page 13 - LatAmOil Week 30 2021

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Búzios is in the Santos basin (Image: Petrobras)

Petrobras, SBM Offshore sign long-term

contracts for Almirante Tamandaré FPSO

SBM Offshore of the Netherlands has signed to streamline and accelerate the process of con-
contracts with Brazil’s national oil company structing drilling platforms without compro-
(NOC) Petrobras on the delivery of the Almi- mising on safety or quality. It said in the press
rante Tamandaré, a floating production, stor- release that work on the FPSO was progressing
age and off-loading (FPSO) vessel that will be and the vessel would be delivered in the second
installed at the Búzios oilfield. half of 2024.
The Dutch firm unveiled the deal earlier this The Almirante Tamandaré will be one of the
week, saying in a press release that the contracts largest FPSOs of its kind in the world. It will be
provided for the lease and operation of the FPSO able to handle 225,000 barrels per day (bpd) of
for a period of 26.25 years. These documents are crude oil and 12mn cubic metres per day of asso-
in line with the letter of intent (LoI) that the par- ciated gas. Additionally, it will be able to store at
ties signed in February 2021, it noted. least 1.4mn barrels of oil and inject 250,000 bpd
According to previous reports, that LoI of water back into the reservoir.
states that Petrobras will lease the vessel for the The vessel will also be the seventh FPSO to
designated period. It also gives SBM Offshore be installed at Búzios. The field, which is in the
responsibility for engineering, procurement, Santos basin, was discovered in 2010 and came
construction, installation and operation of the on stream in 2018. It contains more than 3bn
vessel. barrels of oil equivalent and may see output rise
The Dutch company is designing and build- to 2mn boe per day (boepd) by the end of this
ing the Almirante Tamandaré within the frame- decade. If it reaches this target, it will become
work of its Fast4Ward® programme, which aims Petrobras’ single most productive asset. ™

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