Tag: transpetro

Open Tenders

What has changed?

• Petrobras At least 1x LH: Opportunity 7004497614 new deadline October 20th, 2025;
• Petrobras At least 1x FSV: Opportunity 7004492292 new deadline October 20th, 2025;
• Petrobras At least 1x LH: Opportunity 7004484466 new deadline October 20th, 2025;
• Petrobras At least 1x FSC 10/25/60: Opportunity 7004480345 new deadline October 21st, 2025.

What else is happening?

• DOF secured three short-term contracts with a major operator in the Espírito Santo and Santos Basins.
• Geoholm was delivered in mid-September and is supporting mooring operations with one ROV for approximately two weeks.
• Skandi Salvador will begin a 10-day charter at the end of September for subsea equipment retrieval and will return in early November for a 60-day charter focused on subsea and well intervention operations using a work-class ROV and subsea crane.

Petrobras nears decision to cancel Bid

Vessel owners informed WSB that Petrobras may be close to take a final decision to cancel the current PSV tender, which had already been reduced from 17 to 6 vessels after several reviews to the tender requirements throughout this year.

The move comes as Petrobras rethinks its offshore logistics model and financial strategy, seeking to realign the company’s budget amid rapidly escalating charter costs. As part of this process, Petrobras has already started formally approaching Offshore Vessel owners to discuss discounts on existing contracts, aiming to secure future extension periods and build a more predictable cost structure for its offshore support fleet.

The absence of pre-confirmed Petrobras representatives was noted at OSJ Conference where market analysts and brokers emphasized a tightening supply, growing demand and rising PSV dayrates — all in contrast with Petrobras’ current cautionary stance and WSB’s forecast. How the company recalibrates its position in the months ahead will be different.

WSB continues to monitor Petrobras’ fleet strategy and its broader impact on Brazil’s offshore logistics landscape.

Alexandre Mattar Vilela — Commentary

2025 will be a defining year as Brazil moves toward its next federal elections in 2026.
Public enterprises, and particularly Magda Chambriard’s Petrobras, will be at the center of attention, as their performance becomes inseparable from both the economic narrative and Brazil’s global energy credibility.

At a time when offshore rates are peaking, Petrobras is moving to reduce expenses, renegotiating existing charter contracts and holding back new commitments.

This cost-containment strategy, while cautious, reflects a broader effort to realign logistics and financial priorities which will define how the company positions itself for the decade ahead.

Few institutions can influence Brazil’s trajectory as profoundly as Petrobras.
Lower costs, higher revenues, anticipated production, and a robust yet timely newbuilding program — including Sérgio Bacci’s Transpetro tankers and Petrobras offshore support vessels — are not just corporate goals. They are national levers of growth and competitiveness.

Irrespective of political orientation, these are legitimate instruments of progress, now under Luiz Inácio Lula da Silva administration. When well executed, they strengthen industry, attract global confidence, and reaffirm Brazil’s role in the international energy transition.

Constructive debate and cooperation between the public and private sectors will be key. Because in the end, national progress is built through shared purpose and informed action.

TP-25

Transpetro has announced the disqualification of IRUS Holding S.A. from Lot B of its ongoing Gas Carrier Newbuild Program (TP-25).

According to the Commission’s official communication, the decision is based on two points of non-compliance with the bidding notice and its addenda:

• Lack of detailed cost breakdowns in the DFP (item 3.2.2 vii);

• Absence of the required Consortium Formation Commitment Term (item 3.2.2 viii).

The appeal phase will open only after publication of the final results of the tender.

With this update, the bidding process for the eight new LPG carriers — a key component of Brazil’s coastal gas logistics plan — moves closer to its conclusion.

TP-25 – II

Following WSB’s previous update on the disqualification of one contender from Lot B of Transpetro’s Gas Carrier Newbuild Program (TP-25), the tender has now advanced into its decisive evaluation phase.

Updated standings identified:

Lot A — LPG Carrier (7,000 GT Class)

1- KIT L.L.C-FZ – USD 169,392,777.53

2- ECOVIX Construções Oceânicas S.A. – USD 208,026,960.84

3- Zhoushan Dashenzhou Shipbuilding Co. Ltd – USD 223,467,503.85

4- Dalian Shipbuilding Offshore Co. Ltd – USD 246,134,879.20

5- Fincantieri do Brasil S.A. – USD 423,060,878.28

Lot B — LPG Carrier (14,000 GT Class)

1- KIT L.L.C-FZ – USD 302,679,536.40

2- ECOVIX Construções Oceânicas S.A. – USD 322,413,338.80

3- Dalian Shipbuilding Offshore Co. Ltd – USD 382,989,035.55

With the removal of the previous participant, the evaluation proceeds with a configuration that yields the lowest consolidated value to Petrobras under the current assessment criteria:

Lot A – KIT L.L.C-FZ

Lot B – ECOVIX Construções Oceânicas S.A.

Combined total: USD 491.8 million

The TP-25 program continues to stand as one of Brazil’s most relevant initiatives for fleet renewal and coastal gas logistics, marking an important step in the country’s shipbuilding and energy infrastructure agenda.

Key Topics

• Modec has advanced to a new construction phase of the FPSO Gato do Mato for the Santos Basin pre-salt, carrying out hull block cutting at COSCO Qidong in China after forward block fabrication began earlier this year at Sumitomo in Japan. The unit is planned for installation at roughly 2,000 m water depth, with capacity up to 120,000 bpd and first oil targeted for 2029.

• Petrobras completed a pilot import of natural gas produced in the Vaca Muerta (Neuquén Basin), moving about 100,000 cubic meters via existing pipeline routes through Bolivia into Brazil. The transport, carried out under an arrangement with Petrobras Operaciones S.A. (POSA) and Gas Bridge (Pluspetrol), is described as an experimental step that could allow interruptible imports of up to 2 million m³ under the agreement.

• President Lula and Petrobras CEO Magda Chambriard visited Bahia and confirmed the start of construction of six PSV-OSRVs for Petrobras at the Enseada shipyard, in a project supervised by CMM. The investment is estimated at R$ 2.58 billion, with delivery scheduled for 2029 and a 12-year operating period for each contract. The project is expected to generate 5,400 jobs and requires at least 40% minimum local content during the construction phase.

Oil Discovery

Petrobras has reported hydrocarbon findings in the pre-salt of the Campos Basin. The company notified Brazil’s National Petroleum Agency (ANP) about the presence of oil traces in the Água Marinha block, in well 1-BRSA-1401DA-RJS. The well was drilled in July by the drillship Deepwater Aquila at a water depth of 2,601 meters.

The Água Marinha block was awarded in 2022 during the first cycle of the Permanent Production Sharing Offer and the production sharing contract was signed in May 2023. Petrobras operates the block with a 30% stake, alongside TotalEnergies (30%), PETRONAS (20%) and QatarEnergy (20%).

In the Campos Basin, Petrobras has announced plans to double production from the current 500,000 barrels of oil equivalent per day (boed) to 1 million boed by 2035. The company also intends to invest US$ 23 billion by 2029 in its Campos Basin Revitalization Program.

AKOFS secures contract with Petrobras

AKOFS Offshore has secured a new four-year contract with Petrobras for the multipurpose support vessel (MPSV) AKOFS Santos. Built in 2009, the vessel will continue to provide subsea construction and well intervention services for the Brazilian company.

The new contract, valued at approximately USD 246 million, is set to begin in January 2027 following the conclusion of the current agreement Around USD 140 million will be recognized as revenue for AKOFS over the contract period.

Operations will be carried out in partnership with Bravante, which will provide marine support and IKM Subsea, responsible for remotely operated vehicle (ROV) services. With this award, AKOFS’ order backlog has reached about USD 612 million at the end of Q2 2025.

The company currently operates three specialized vessels: AKOFS Santos and Aker Wayfarer, both under contract with Petrobras in Brazil, and AKOFS Seafarer, operating with Equinor in the North Sea.