Petrobras (PBR) Puts Off the Barracuda-Caratinga FPSO Tender

This recurring postponement reflects PBR's ongoing challenges in garnering sufficient interest from floater companies for its bidding opportunities. The Barracuda-Caratinga field, located in Brazil's prolific Campos Basin, is a significant asset for PBR. The field has been a major contributor to the country's oil production and its revitalization is crucial for maintaining output levels. However, attracting bidders for the FPSO tender has proven difficult, which has led to multiple delays in the submission ...