Radix secures $11.5M contract for FPSOs with Petrobras

Brazilian oil and gas giant Petrobras has awarded Radix, a global engineering and technology company, a new contract to develop projects for Floating Production, Storage, and Offloading (FPSOs).

The agreement will last 31 months, with services estimated at $11.5M USD (R$57 million). The contract includes developing multidisciplinary engineering projects using digital automation tools for the state-owned company's new assets. "We are very excited about this major new contract with Petrobras, underlining our industrial expertise in this segment.

Petrobras is a global reference client in the oil and gas market, where Radix continues to have a strong presence," said Augusto Castro, Radix's General Manager for Capital Projects.