BG and Petrobras are on the verge of inking two more floating production storage & offloading newbuildings.
UK energy giant BG Group, which is in a consortium headed by Petrobras, indicated the group may even be mulling additional FPSO tonnage on top of this with confirmation of fresh orders due before February.
London-listed BG announced Tuesday a net profit of over $1.8 billion as increased commodity prices beefed up the bottom line.
Chief executive Frank Chapman remained buoyant on Brazil and pointed to the 11 FPSO newbuildings destined for its operations, along with partners, at five blocks in the Santos Basin.
Chapman freely offered the view that the company is “about to order two more” FPSOs but was unwilling to divulge further information when questioned by analysts.
The BG boss even indicated “there is almost certainly going to be more [FPSOs] to follow” and that he is “looking forward to updating the market at the latest by February next year”.
BG has shares ranging between 20% and 40% in five blocks off Brazil with local partners such as Petrobras, Repsol YPF Brasil, Partex and Petrogal.
In November last year BG and its partners penned contracts worth $3.5 billion in total for eight FPSO hulls at Brazilian greenfield shipyard, Engevix Engenharia. Shipbroker information suggests the total is closer to $3.74 billion with a per-unit price of $468 million and delivery between 2013 and 2016.