Búzios V (Búzios-5) Subsea Development Project is the fifth development phase of the Búzios pre-salt oil field, located in the Santos Basin offshore Rio de Janeiro, Brazil. Operated by Petrobras, the project involves the development of a subsea production system connecting 15 wells to the FPSO (Floating Production, Storage and Offloading) Almirante Barroso.

The Scarabeo 5 is a semi-submersible offshore unit belonging to Saipem, originally designed as a 4th-generation drilling floater for exploration and production activities in harsh and subarctic environments. In 2023, Saipem was awarded a contract by Eni Congo to convert the unit into a Floating Production Unit — FPU for the Congo LNG Project. Once installed offshore the Republic of Congo, northwest of the Djeno Terminal, the unit will separate gas and liquids and compress the gas to feed a nearby FLNG unit.