The P-82 Floating, Production, Storage and Offloading (FPSO) vessel will be delivered to the state-owned company in the first half of 2026, the specialised shipbuilding firm said, with a production capacity of 225,000 barrels of oil per day and 12 million cubic meters of gas processing per day. The unit, which will be deployed off the coast of Rio de Janeiro, will also be equipped with water injection capacity of 250,000 barrels per day and a storage capacity of two million barrels of oil, Sembcorp Marine said.
In the latest trading session, Petrobras (PBR) closed at $13.67, marking a -1.65% move from the previous day.
Over the weekend, the South American nation held the first round of its 2022 presidential election, and former President Luiz Inacio Lula da Silva was ahead in the polling -- and investors are cheering. As of 10:45 a.m. ET Monday, shares of Brazilian oil giant Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) (aka Petrobras) were up 12.4%, while electric and gas utility Companhia Energetica de Minas Gerais (NYSE: CIG) had gained 14.6%, and water utility Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) (aka "Sabesp") was leading the whole Brazilian stock market higher with a 22.5% gain.