Samsung and Daewoo Bid for Oil Platform Contracts in Brazil

 

Brazilian state-run oil company Petrobras received offers from three consortia, including one led by Samsung and another by Daewoo, to build the company’s first in-house platforms in more than seven years.

In a release, Petroleo Brasileiro SA, as the company is formally known, said it had received offers from consortia led by Samsung Heavy Industries Co, Daewoo Heavy Industries & Machinery Ltd and Keppel Corporation Ltd.

The platforms, named P-78 and P-79, are floating production storage and offloading units, massive ships with deep-water drilling equipment, known as FPSOs.

The company is reviewing the offers and hopes to make an official selection in the first half of 2021, it said.

Brazilian state-run oil company Petrobras produced 2.682 million barrels of oil equivalent per day in the fourth quarter, the company said in a Tuesday securities filing.

That represented a decrease of 9.1% from the third quarter and 11.3% from the same quarter a year before.

Samsung Heavy Industries shipyard is nearing the conclusion of the construction of the Coral-Sul FLNG facility, which will sail-away to Mozambique in 2021 to begin natural gas extraction in the north of the country.

 

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