KUALA LUMPUR: Ranhill Utilities Bhd has been awarded a US$27mil (RM125.8mil) contract to provide detail design engineering services for a new P-82 floating production, storage, and offloading (FPSO) vessel for the Brazilian state-owned oil and gas producer, Petroleo Brasileiro S.A (Petrobras).

Ranhill Utilities said the contract was awarded to its 51% owned subsidiary Ranhill Worley Sdn Bhd by Sembcorp Marine Integrated Yard Pte Ltd to jointly execute the contract.

“The contract and the scope of works under the contract for the project will be undertaken by Ranhill Worley,” Ranhill said in a filing with Bursa Malaysia yesterday.

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 853 sq km in the pre-salt Santos Basin, about 180km off the coast of Rio de Janeiro, Brazil, it added.

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

Ranhill Utilities stated the project is expected to contribute positively to the revenue and earning for the financial year ending Dec 31, 2023.

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