By Brazil Stock Guide – Azevedo & Travassos S.A. (B3: AZEV4) has signed a R$1.3 billion ($223 million) contract with Petróleo Brasileiro S.A. – Petrobras for the EPC 12 Utilities project, strengthening its foothold in Brazil’s energy infrastructure sector. The deal was formalized under Petrobras’ supply division, covering design, procurement, construction, and commissioning.
The contract was awarded to a consortium led by Heftos, holding an 80% share, alongside Construtora Colares Linhares S.A., with 20%. According to Azevedo & Travassos, Petrobras deemed the consortium’s bid the most advantageous. The project, located in Itaboraí, Rio de Janeiro, carries a 40-month execution timeline, encompassing systems for steam generation and distribution, power generation, cooling water, electrical substations, inert gas, and chemical storage.
The EPC 12 Utilities scope includes several key components:
– Steam Generation and Distribution (U-5131)
– Power Generation (U-5147)
– Cooling Water (U-5604 and U-5606)
– Electrical Substations (SE-5147 and SE-5606)
– Fuel Gas (U-5135)
– Instrument and Service Air (U-5136)
– Inert Gas (U-5950)
– Chemical Product Storage (U-6825)
The Itaboraí site is part of Petrobras’ integrated utilities and refining infrastructure expansion, a long-delayed cluster linked to the GasLub complex—formerly known as Comperj—expected to play a central role in boosting Brazil’s downstream capacity.