Petrobras needs “broad and qualified” supply chain to start up 14 new FPSOs by 2028, technology director reports

May 14, 2024

(WO) – According to Petrobras, the company will need a “broad and qualified” supply chain to meet the demand for new production systems in the coming years. From 2024 to 2028, Petrobras will start up 14 floating oil production platforms, which account for a third of the global FPSO orders in this period. There’s also a considerable demand for underwater systems to connect these units.   

Petrobras Engineering, Technology, and Innovation Director Carlos Travassos

“Due to the size of our portfolio, we’ll need to capture the entire market. We’ll need more staff, more materials, and more resources,” said Carlos Travassos, Petrobras’s Engineering, Technology, and Innovation Director, during the Offshore Technology Conference (OTC) in Houston (USA) this Tuesday (5/8).

To meet this demand, suppliers must be capable of offering and implementing solutions for Petrobras’s decarbonization targets.

“There’s no room for projects that leave out emission reduction,” Travassos said. According to him, Petrobras has already reduced by 53% the intensity of the emissions caused by exploitation and production activities from 2009 to 2023.

10 of the 14 new units mentioned by Travassos have already been contracted. The FPSOs for Albacora and Barracuda in the Campos basin are being contracted, including two units for the Sergipe-Alagoas project (SEAP). 

Putting 14 units into production within five years is nothing new for Petrobras. “We’ve done this before,” Travassos said, recalling that from 2019 to 2023, Petrobras put 12 PFSOs into production, increasing the installed production capacity to 1.7 MMbopd. This increase represented 50% of the production capacity added worldwide.   

 

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