Petrobras to Restart P-57 Tender

Brazil's federal energy company Petrobras (NYSE: PBR) will restart a tender to build the 180,000b/d-capacity P-57 floating production, storage and offloading vessel (FPSO), a company spokesperson told BNamericas, confirming local press reports.

Petrobras rejected price proposals for the initial tender for vessel construction. "The prices offered were considered too high so Petrobras will start anew," said the spokesperson.

The P-57 will be used in the second stage development of the deepwater Jubarte field in the Campos basin. The vessel was due to start producing oil and gas in 2010. Petrobras did not say when the new tender would start and whether the Jubarte development project would be affected.

The Atlantico Sul consortium, made up of Brazilian companies Andrade Gutierrez, Queiroz Galvao, Camargo Correa, Norwegian company Aker Promar and Korea's Samsung offered to build the P-57 for 2.4 billion reals (US$1.12 billion). Singapore-Brazilian shipyard Maua-Jurong offered 1.8 billion reals, according to an unconfirmed report by Globo online news service.

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