In brief
Seatrium says the PETROBRAS 78 (P-78), the first in a series of turnkey FPSOs for Petrobras, is nearing delivery. Its sailaway ceremony was held at the company’s Singapore yard two weeks before the July 17 announcement. The vessel is set to operate in Brazil’s Buzios field, where Seatrium states it will have capacity to produce 180,000 barrels of oil and 7.2 million cubic metres of gas per day, with storage for 2 million barrels of oil. Seatrium says its teams built topside modules across shipyards in Singapore, China and Brazil, and completed integration and commissioning work in Singapore. Following transit to the field, the company will carry out offshore commissioning. The project also supports local work, training and skills development in Brazil, according to the release.
Key takeaways
- P-78 is the first of a turnkey FPSO series being built by Seatrium for Petrobras.
- The vessel is intended for Brazil’s Buzios field after delivery and offshore commissioning.
- Seatrium says topside modules were fabricated in Singapore, China and Brazil.
- The company says the project supports Brazilian jobs, workforce training and local content.
Singapore, July 17, 2025 -- Seatrium Limited (“Seatrium” or “the Group”) is pleased to announce today the impending delivery of the PETROBRAS 78 (P-78) - the first of a series of turnkey Floating Production Storage and Offloading vessels (FPSO), to Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras).
The sailaway ceremony took place two weeks ago at Seatrium’s Singapore yard, marking a significant and timely milestone. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest deepwater oil field globally, with an impressive production capacity of 180,000 barrels of oil per day (bopd), 7.2 million cubic metres (mcbm) of gas per day, and a storage capacity of 2 million barrels of oil. The P-78 will rank among the largest in the global operating fleet of FPSOs.
Mr Chris Ong, Chief Executive Officer, Seatrium said, "We take great pride in delivering the first of the series of Engineering, Procurement and Construction (EPC) FPSO to Petrobras. As a leader in providing sustainable offshore energy and infrastructure assets, Seatrium is committed to supporting Petrobras in their efforts to reduce carbon emissions from their floating production units. Our long-standing partnership with Petrobras in their decarbonisation journey spans five other FPSO projects, each showcasing innovative sustainability features. We look forward to building on our strong track record of performance, leveraging our seamless One Seatrium Global Delivery model to continue delivering safe and high-quality vessels that meet the evolving demands of the industry."
Through its One Seatrium Global Delivery Model, the company collaborates with industry leaders for worldwide project execution leveraging its global footprint to transcend geographic boundaries. Seatrium’s global teams have fabricated the topside modules weighing an impressive 54,000 MT across its shipyards in Singapore, China and Brazil, in addition to the integration and commissioning works of the P-78 FPSO in Singapore. Upon completion, the P-78 will transit to the Buzios field, where Seatrium will conduct the final phase of offshore commissioning works.
Ms Renata Baruzzi, Executive Officer for Engineering, Technology and Innovation, Petrobras said, “The FPSO P-78 is more than just the largest and most complex unit ever built for Petrobras — it is a testament to how far we’ve come. This vessel embodies the highest standards of construction and commissioning quality, integrating a wealth of new specifications and hardearned lessons from the Replicantes and Cessão Onerosa FPSO series. In many ways, the P-78 is the culmination of over 15 years of Petrobras’ legacy in building and operating FPSOs in the Pre-Salt region — a legacy now sailing into the future.”
Seatrium has a strong track record of delivering vital projects for Brazil and Petrobras, including FPSOs, floating production units, Floating Storage Regasification Units, drilling rigs, and accommodation vessels, all pivotal to Brazil’s robust energy infrastructure.
Beyond its technical impact, the P-78 FPSO project is also a major contributor to the Brazilian oil and gas sector, supporting increased national oil production and generating thousands of local job opportunities. By executing a substantial portion of the work in Brazilian shipyards, the project promotes local content development, workforce training, and long-term skills enhancement.
FPSO P-78 sailing to Buzios field in Brazil. Photo Credit: Seatrium
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About Seatrium Limited
Seatrium Limited provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has over 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types.
The Group’s key business segments include Oil & Gas Newbuilds and Conversions, Offshore Renewables, Repairs & Upgrades, and New Energies, with a growing focus on sustainable solutions to advance the global energy transition and maritime decarbonisation.
As a premier global player offering offshore renewables, new energies and cleaner offshore & marine solutions, Seatrium is committed to delivering high standards of safety, quality and performance to its customers which include major energy companies, vessel owners and operators, shipping companies, and cruise and ferry operators.
Seatrium operates shipyards, engineering & technology centres and facilities in Singapore, Brazil, China, India, Indonesia, Japan, Malaysia, the Philippines, Norway, Saudi Arabia, the United Arab Emirates, the United Kingdom and the United States.
Discover more at www.seatrium.com.
For more information, please contact:
Mr Winston Cheng
Head, Investor Relations and Corporate Communications
Tel No: +65 68637367
Email: [email protected]
Ms Clarissa Ho
Senior Manager, Investor Relations and Corporate Communications
Tel No: +65 6803 0276
Email: [email protected]
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Questions around this news
What is the P-78 FPSO and where will it operate?
The P-78 is a floating production, storage and offloading vessel built for Petrobras. After delivery, it is expected to travel to Brazil’s Buzios field. The release says it can produce up to 180,000 barrels of oil per day and 7.2 million cubic metres of gas per day, and store 2 million barrels of oil.
What does an FPSO do?
An FPSO is a vessel used in offshore oil and gas operations. It receives hydrocarbons from subsea wells, processes them on board, stores oil, and transfers it to tankers or other transport systems. FPSOs can serve fields where pipelines to shore are impractical or unavailable, and may be designed for long-term operation at a fixed offshore location.
What work was completed on the P-78 in Singapore and Brazil?
The release says topside modules were fabricated at shipyards in Singapore, China and Brazil, while integration and commissioning took place in Singapore. After the vessel reaches the Buzios field, the company plans to carry out the final phase of offshore commissioning. The release describes the modules as weighing 54,000 metric tonnes.
What does EPC mean in an offshore construction project?
EPC stands for engineering, procurement and construction. In an EPC arrangement, a contractor typically takes responsibility for designing a project, sourcing equipment and materials, and building or delivering the facility. The precise scope and allocation of responsibilities depend on the contract between the customer and contractor.
How is the P-78 project expected to support Brazil’s oil and gas sector?
According to the release, the project is intended to support increased national oil production and has generated thousands of local job opportunities. It also says that carrying out a substantial share of the work in Brazilian shipyards supports local content development, workforce training and long-term skills enhancement.
Earlier from Seatrium Limited
- Seatrium Expands Sustainable Finance Framework with US$400 Million Sustainability-Linked Credit Facility from UOB
- Seatrium and TCOMS to develop new cyber-physical capabilities to enhance the performance and safety of floating energy production assets
- Seatrium and ITE Launch Digital Learning Lab for Marine and Offshore Education; Seatrium Commits S$1.2 Million to ITE Education Fund
- Seatrium and Nanyang Technological University Launch New Energy Laboratory and Forge Partnership for Workforce Transformation
- Seatrium Secures FPSO Newbuild Contracts P-84 and P-85 from Petrobras
