Keppel Shipyard, the wholly-owned subsidiary under Keppel Offshore & Marine (Keppel O&M), has secured a contract worth US$2.3 billion ($3.05 billion) from Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras), for the turnkey delivery of P-78, a Floating Production, Storage and Offloading vessel (FPSO).

The contract was won on the basis of an international tender.

The FPSO is scheduled to be completed in late 2024, and will be customised for deployment in Brazil’s Buzios field, the largest deepwater oil field in the world.

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