DealsMay 29, 2026, 01:34 PM
Petrobras Signs Contracts for Two FPSOs for Sergipe Deepwater Project
AI Summary
Petrobras announced the signing of contracts with SBM Offshore for the construction of two FPSO-type oil and gas production units for the Sergipe Deepwater (SEAP) project. Under a Build, Operate and Transfer (BOT) model, Petrobras will own the units while SBM Offshore handles design, construction, assembly, and initial operation/maintenance. With investments exceeding R$ 60 billion, the projects are expected to produce over 1 billion barrels of oil equivalent, significantly boosting national oil and gas production.
Key Highlights
- Petrobras signed contracts with SBM Offshore for two FPSO units for the Sergipe Deepwater project.
- The project involves investments exceeding R$ 60 billion by Petrobras.
- The two projects are expected to produce over 1 billion barrels of oil equivalent.
- FPSO SEAP-II (P-87) will produce 120,000 bpd oil and 12 million m3/day gas, starting 2030.
- FPSO SEAP-I (P-81) will produce 120,000 bpd oil and 10 million m3/day gas, starting 2031.
- Petrobras holds 75% in BM-SEAL-4, 100% in BM-SEAL-4A and BM-SEAL-10, and 60% in BM-SEAL-11.
- SBM Offshore will design, construct, assemble, and operate/maintain the FPSOs for 6.5 years.
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