Saipem & DSME JV to Build FPSO for Petrobras Búzios Offshore Field
FPSO Búzios Offshore FieldOffshore Technology

Saipem & DSME JV to Build FPSO for Petrobras Búzios Offshore Field

Saipem, leading of a joint venture with Daewoo Shipbuilding & Marine Engineering Co Ltd, has been awarded by Petróleo Brasileiro a contract for the

Saipem, leading of a joint venture with Daewoo Shipbuilding & Marine Engineering Co Ltd, has been awarded by Petróleo Brasileiro a contract for the construction of the Floating Production Storage and Offloading Vessel named P-79 for the development of Búzios offshore field in Brazil. The FPSO P-79 project is worth overall approximately 2.3 billion USD. Saipem’s portion is approximately 1.3 billion USD. Saipem and DSME will execute the entire FPSO project which encompasses the engineering, procurement, fabrication and integration of the topsides of the FPSO units and the installation of the mooring systems, as well as the hookup, the commissioning and the start-up.

The FPSO vessel will allow initial separation of gas from the oil extracted in the deep offshore reservoir and will have a production capacity of 180,000 barrels of oil per day and 7.2 million cubic metres of gas per day, with a storage capacity of two million barrels of oil.

The Búzios field, the world’s largest deepwater oil field, is located in the region of the pre-salt Santos Basin, approximately 200km off the coast of Rio de Janeiro at water depths ranging from 1,600m to 2,100m. Saipem is already present in the Búzios field where is executing a rigid subsea system installation contract.

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