SBM moving ahead with FPSOs

Dutch SBM Offshore announced the construction of the 3 FPSOs to be chartered by Petrobras is proceeding. The production units, all being built in China, have been impacted by the frequent restrictions placed in the country to contain expected periodical surges of COVID-19 cases. SBM will deliver two units for Mero field, namely FPSO Sepetiba (Mero 2) and FPSO Alexandre de Gusmão (Mero 4), which are allegedly 75% and 25-50% complete, respectively and one unit to Búzios field, namely FPSO Almirante Tamandaré (Búzios 7), with 50-75% of construction complete. According to Petrobras´ latest strategic plan, the Mero 2 and Mero 4 units are expected to kick-off production in 2023 and 2025 whilst the Búzios 7 by 2024.