KEPPEL Corporation said on Friday that its wholly-owned subsidiary Keppel Shipyard, is in advanced discussions with Petrobras for a contract to build a floating production storage and offloading vessel for the Buzios field off Brazil.

The company's exchange filing was in response to a report in Upstream Daily News headlined "$4.6bn deals near: Petrobras seals price cuts from two Asian yards for Buzios floater pair".

Keppel Corp said no definitive agreements had been entered as at Friday. It added that it will make the relevant announcements at the appropriate time.

Keppel Corp shares closed unchanged on Friday at S$5.43, before the announcement.