Sembcorp Marine awarded FPSO P-82 contract

Sembcorp Marine Ltd, through its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte Ltd, has been awarded an EPC (Engineering, Procurement, and Construction) contract for the P-82 FPSO (Floating, Production, Storage, and Offloading) vessel through an international tender from Brazilian state-owned oil and gas producer, Petroleo Brasileiro S.A. (Petrobras) for USD 3.05bn (SGD 4.25bn). The P-82 is the largest contract secured by Sembcorp Marine from Petrobras and will add more than SGD 4.25bn to the Company’s order book of SGD 2.52bn as of the end of June 2022.

The newbuild FPSO will be one of the largest vessels to be deployed in the Buzios field, an ultra-deepwater oil and gas field covering an area of 853 km² in the pre-salt Santos Basin, about 180 km off the coast of Rio de Janeiro, Brazil.

Scheduled for delivery in 1H 2026 with expected commercial operations in 2026, the P-82 will be the 10th vessel to operate in the pre-salt field, adding a production capacity of 225,000 barrels of oil per day and 12 million cubic meters of gas processing per day.

The P-82 is part of Petrobras’ new generation of production facilities, characterised by their high production capacity and by technologies to reduce CO2 emissions. The unit will also be equipped with a water injection capacity of 250,000 barrels per day and a storage capacity of two million barrels of oil.

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