Petrobras cancels FPSO bid

Petrobras Cancels FPSO Bid for Barracuda-Caratinga Revitalization

The Fact:
Petrobras has canceled the bid for the FPSO contract aimed at revitalizing the Barracuda-Caratinga fields in the Campos Basin.

Fact of the Fact:
– Lower local content requirements can attract new players. ✔️
– New players increase competitiveness. ✔️
– Competitiveness attracts better rates. ✔️

Result of the Fact of the Fact:
– A new player placed an offer. ✅
– Was the price really high, where is the market today❓
– One bidder does not equal competitiveness. ❌

“Sometimes one has to walk the walk to get to destiny. It’s a process.”, says Alexandre Mattar Vilela,managing partner and CEO at WSB Advisors