Petrobras to finish analysis of the India's Shapoorji appeal in FPSO bid this week
RIO DE JANEIRO, March 25 (Reuters) - Brazil's Petrobras (PETR4.SA), opens new tab should analyze an appeal filed by India's Shapoorji Pallonji Energy in the tender to charter an offshore oil production vessel this week, the state-run oil firm's head of engineering, technology and innovation, Renata Baruzzi, said on Tuesday.
WHY IT'S IMPORTANT
The Indian company was the only one to bid on chartering a production storage and offloading vessel, known as an FPSO, for Petrobras' Barracuda and Caratinga fields. The oil company rejected the bid as too costly.
It would have been the first such deal between the two firms. The vessel would be part of a broad revitalization plan for the Campos Basin, where production has declined.
BY THE NUMBERS
The FPSO would have the capacity to produce up to 100,000 barrels of oil per day (bpd) and process up to 6 million cubic meters of gas daily.
ADDITIONAL BACKGROUND
If Petrobras rejects the appeal by Shapoorji, the firm would need to restart the bidding process in the tender, said Baruzzi, which could delay the Barracuda-Caratinga project.
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Daily Mirror
5 hours ago
- Daily Mirror
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