Singapore yards to bid for $1 billion Campos platform
Offshore staff
(Asia-Pacific & South America) - Singapore's shipyards, already the world's leading rig builders, will be keenly bidding for the $1 billion contract for the P-55 platform in the Campos basin of Brazil.
A highly placed source said bidding price would be very competitive for the semisubmersible floating production unit, which would be designed to produce as much as 200,000 b/d from the P-55 field.
The Brazilian state oil company Petrobras has recently called for bids for the platform, likely to be a semisubmersible production unit.
Singapore yards have secured more than 80% of the jackup rig orders worldwide and 50% of the semisubmersible drilling rigs globally in the first 11 months of 2005 and have built intellectual expertise, which puts the yards at advantage in completing offshore projects on time and within budgets.
The Singapore yards have demonstrated their level of performance to Petrobras through their recent completion of platforms for the Campos basin fields, including the use of 60% of Brazilian content in the projects.
The yards also had direct contracts with Brazilian mills for the supply of all steel plates and components for the recently completed projects.
The source said China was seen as the nearest competitor to the Singapore yards, but the Brazilians will be concerned about the steel supply contract for P-55 as well as keeping the project to schedule, which would be expected to produce first oil from 2009-2010.
12/16/05