RIO DE JANEIRO, BRAZIL (By PETROBRAS, 29.May.2026, Words: 389) — PETROBRAS, following up on the announcement of 13 Apr. 2026, signed contracts with SBM Offshore for construction of 2 FPSO‑type oil and gas production units for the Sergipe deepwater (SEAP) project, under the build, operate and transfer (BOT) model.
PETROBRAS will be the owner of the units, while SBM Offshore will be responsible for the design, construction and assembly, as well as the operation and maintenance of the 2 FPSOs for an initial period of 6.5 years.
With investments exceeding R$ 60bn by PETROBRAS, the 2 projects are expected to produce a total of more than 1 billion barrels of oil equivalent (boe), representing a significant economic return for Petrobras.
In addition, they will make a relevant contribution to increasing national oil and gas production and to developing a new oil and gas production frontier in Brazil’s northeast region.
The Sergipe deepwater project: SEAP-II
The FPSO SEAP‑II (P‑87) will have an installed capacity to produce 120,000 barrels of oil per day (b/d) and process 12 million cubic meters of natural gas per day (MMcm/d).
Start of oil production is scheduled for 2030, with gas export beginning in 2031.
The SEAP II project comprises reservoirs of light, high‑quality oil and non-associated gas with low contaminant content, located about 80km off the coast, in the BM‑SEAL‑4, BM‑SEAL‑4A and BM‑SEAL‑10 concessions.
PETROBRAS is the operator of the BM‑SEAL‑4 concession, with a 75% stake, in partnership with ONGC Campos Limitada (25%), and operates the BM‑SEAL‑4A and BM‑SEAL‑10 concessions, in which it holds a 100% stake.
The Sergipe deepwater project: SEAP-I
The FPSO SEAP‑I (P‑81) will have an installed capacity to produce 120,000 b/d of and process 10 MMcm/d of gas.
Start of production is scheduled for 2031.
The SEAP I project comprises reservoirs of light, high‑quality oil and non-associated gas with low contaminant content, located in the BM‑SEAL‑11 and BM‑SEAL‑10 concessions, approximately 100 km off the coast.
PETROBRAS is the operator of the BM‑SEAL‑11 concession, with a 60% stake, in partnership with IBV Brasil Petróleo Ltda. (40%), and holds a 100% stake in the BM‑SEAL‑10 concession.
The FPSOs will be connected to a production offloading gas pipeline approximately 134 km in length — 111km offshore and 23km onshore. This infrastructure will help expand the availability of natural gas in Brazil and strengthen national energy security.
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