Brazilian state-owned energy heavyweight Petrobras has kicked off revenue streams with the first oil offload from its eighth floating production, storage and offloading (FPSO) unit, which operates in a field in the Santos Basin offshore Brazil.
after that departure From Hanwha Ocean’s South Korean shipyard in Geoje in November 2025, FPS or F-79 receipt The pre-salt Santos Basin in February 2026, when it was towed into position at Petrobras Buzios fieldwhere It first produced oil on May 1 and completed first unloading on May 30, 2026.
The completion of the FPSO’s first oil offload was described by Hanwha Ocean as a milestone demonstrating the company’s successful construction of a high-quality FPSO, with the company carrying out engineering, procurement and construction (EPC) works for the hull and topside segments.
The Asian player confirms that the completion of oil unloading also represents the beginning of revenue generation for Petrobras. The P-79 is designed to produce approximately 180 thousand barrels of oil per day and has a gas compression capacity of 7.2 million cubic meters per day.
This unit is expected to contribute to increasing the total production capacity of the Buzios field, which is considered one of the largest deepwater oil fields in the world, to about 1.33 million barrels per day.
The FPSO P-79 is the eighth of 12 units planned for installation in the Brazilian field, joining the seven ships already in operation, including: P-74, P-75, P-76, P-77, Admiral Barroso, Admiral Tamandariand P-78.
The Buzios field is operated by a consortium consisting of Petrobras (the operator), its Chinese partners, CNOOC and CNODC, and PPSA, the company responsible for managing the production sharing contracts (PSCs).
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