Ranhill awarded FSPO service contract for Petrobras of Brazil

KUALA LUMPUR, Nov 14 (Bernama) -- Ranhill Utilities Bhd has been awarded a contract to perform detail design engineering (DDE) service for new P-82 floating production, storage, and offloading (FPSO) vessel, for the Brazilian state-owned oil and gas producer, Petroleo Brasileiro S.A (Petrobras). 

The company said its 51 per cent owned subsidiary Ranhill Worley Sdn Bhd signed a contract effective on Nov 4, 2022 from Sembcorp Marine Integrated Yard Pte Ltd to jointly execute the contract for US$27 million. 

“The contract and the scope of works under the contract for the project will be undertaken by Ranhill Worley.  

“The company subsequently obtained the approval to release the announcement regarding the award from Sembcorp Marine on Nov 14, 2022,” said Ranhill in a filing with Bursa Malaysia today. 

The newbuild FPSO would 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 sq km in the pre-salt Santos Basin, about 180 km off the coast of Rio de Janeiro, Brazil.

P-82 is part of Petrobras’ new generation of production facilities, characterised by their high production capacity and the technologies utilised to reduce cardon dioxide emissions.  

The unit would also be equipped with water injection capacity of 250,000 barrels per day and a storage capacity of two million barrels of oil.

“The duration of detail engineering phase is anticipated to be 14 months with follow-on engineering support thereafter. 

“The project is expected to contribute positively to the revenue and earnings of Ranhill for the financial year ending Dec 31, 2023,” it said. 

-- BERNAMA