Brazilian oil giant Petrobras has awarded Singapore’s Keppel Shipyard a major contract to supply the P-80 floating production, storage and offloading vessel that will be installed in the Buzios pre-salt field in the Santos basin.

The P-80 will be the ninth of 12 planned FPSOs that Petrobras intends to have in operation in Buzios by the end of the decade.

Upstream earlier reported that, after a round of negotiations with Petrobras, Keppel agreed to reduce the P-80 FPSO price from US$2.98