Offshore & FPSO Project Delivery
Pedro Sotomayor
I work inside FPSO project execution and cost estimating for the Brazilian offshore market — currently supporting a BOT consortium on an active Petrobras FPSO tender, alongside industrial inspection and project delivery work with Brasil Inspect and Mota-Engil.
This site is where I write up the parts of that work worth sharing publicly: how FPSO costs actually compare across contract models, what public benchmark data does and doesn't tell you, and the methodology questions that come up when you're the one building the numbers, not just reading them in a report.
Start here
Why $/Ton Comparisons Break
Eighteen FPSOs, and the ~9–15% spread that survives even the cleanest matched comparisons.
EPC / EPCCSeven Turnkey Contracts
One contractor family, five of seven hulls, and the tightest spread in the whole dataset.
BOT & CharterWhy the Number Isn't a Price
Bundled multi-year value versus a one-time price — and a ~36% spread once normalized by term.
Local ContentA Strategy Comparison
Sister hulls, same buyer, same day — and a five-point gap in local content floor.
Industrial CapacityBrazil's FPSO Moduleiros
Who actually built what, and why the country's two largest yards sit idle.
Supply ChainThe Vendor Landscape
~150 packages, nine disciplines, and the handful of vendors that carry the real risk.
Market StructureField Operators vs FPSO Owners
Two different maps of "who's active" — the company that operates the field, and the one that owns the vessel.
Competitive LandscapeContractor Track Records
Nine companies profiled on founding, fleet, and public record — Seatrium to Shapoorji Pallonji's SP Energy.