Keppel Corp has teamed up with Hyundai Heavy Industries to build a $2.3bn floating storage and regasification unit for Brazilian oil major Petrobras.

The Singaporean yard will fabricate the topside modules weighing 43,000 metric tonnes at its shipyards in Singapore, China and Brazil, while the South Korean yard will build the FPSO’s hull and living quarters for 240 persons.

Keppel will also be responsible for the integration and commissioning works of the FPSO as well as the final phase of offshore commissioning works.