Singapore’s Keppel Shipyard has taken a crucial step to secure a multibillion-dollar contract with Petrobras to supply a large floating production, storage and offloading vessel to serve the Buzios field offshore Brazil.

Keppel and fellow rival Sembcorp Marine submitted bids in late May in the tender for the P-80 FPSO — the ninth of 12 units that will be installed in the supergiant pre-salt field in the Santos basin.

As previously reported by Upstream, Keppel finished ahead with a commercial proposal worth $2.98