Singapore’s Keppel Corp has secured a second floating production, storage and offloading vessel newbuilding contract from Brazil oil major in a deal worth $2.8bn.

The P-83 FPSO is scheduled for delivery in the first half of 2027 and is a repeat order of the P-80 FPSO that Keppel secured in August this year.

The contract will be on progressive milestone payments and adds approximately SGD 3.8bn