Petrobras to Open ender for Brazil’s Biggest Ever Platform

Petrobras is preparing to launch a tender to build Brazil’s largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production.

Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally known, plans to launch the leasing tender for the floating platform, known as an FPSO, by the end of August, the people said. Equivalent vessels for deepwater production have cost between $2.5 billion and $3 billion to build. Winners build and own the platforms, and lease them to Petrobras in contracts with daily rates of up to $1 million that often last longer than 15 years…

View entirety: Reuters