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Brazil's Petrobras to look for vessels for Sergipe job by year-end

Brazilian staterun oil company Petrobras will release a brand-new tender for companies to provide two offshore oil production vessels for its Sergipe state deepwater task by the end of this year, an executive said on Friday.

The company failed to draw in interest in a previous bid to safe and secure vessels, which has actually resulted in hold-ups in the job that was supposed to begin production in 2028.

Petrobras has actually already structured the tender and sent it to its partners in the job for input, its executive officer for engineering, technology and development Renata Baruzzi told reporters during a call to discuss its third-quarter outcomes.

The company has changed the tender to make cashflow and financing more appealing to possible bidders, stated Baruzzi.

When both proposed vessels are running at complete capability, they would increase Brazil's oil production by 240,000 barrels each day and its natural gas production by about 22 million cubic meters per day, according to info from previous Petrobras bids.

(source: Reuters)