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Petrobras launches tender for EPCI services for its Búzios 8 project

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Commercial proposals must be submitted by October 14 and the contract is for a period of five years

Brazilian oil giant Petrobras has launched a tender to acquire engineering, procurement, construction and installation (EPCI) services for its Búzios 8 project, media reports said. The tenders must be submitted by October 14 and the contract duration is for a period of five years.

Last week, Petrobras finalised the sale of its Polo Rio Ventura onshore oil assets to a subsidiary of 3R Petroleum Oleo e Gas SA, the companies said in separate securities filings.

In June, it was reported that Petrobras is planning to sell its 27.88 percent stake in the Deten Quimica SA petrochemical complex. The firm has already begun the sale process for the petrochemical complex, which is located in the northeastern state of Bahia.

Petrobras also revealed that it is offering to buy up to $2.5 billion in global notes maturing between 2025 and 2050. The company said in a statement that it will issue new global notes maturing in 2051. However, the company did not elaborate further in this regard.

In 2020, Petrobras had set a new record for annual output. The oil company pumped an average of 2.28 million bpd in 2020. It broke its previous record of an average of 2.23 million bpd, which was set in 2015. According to Petrobras, it was greatly helped by the performance at the Buzios Field and improved corrosion-treatment efforts at its subsalt fields.

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