(WO) — Petrobras has permitted the ultimate funding resolution (FID) for the SEAP I challenge in Brazil’s Sergipe-Alagoas basin, marking a key step in growing a brand new offshore oil and fuel frontier within the nation’s northeast.
The choice advances the broader Sergipe Águas Profundas (SEAP) improvement, following prior approval of the SEAP II module in late 2025. The tasks are designed to unlock vital volumes of sunshine oil and pure fuel from deepwater fields offshore Brazil.
As a part of the event, Petrobras is progressing contract negotiations for 2 floating manufacturing, storage and offloading (FPSO) items—P-81 and P-87—which is able to assist SEAP I and SEAP II, respectively. SBM Offshore has been chosen to construct the items underneath a build-operate-transfer (BOT) mannequin, aimed toward accelerating challenge supply whereas sustaining capital flexibility.
Mixed, the 2 FPSOs are anticipated to have put in capability of as much as 240,000 bpd of oil and 22 million cubic meters per day of pure fuel. First oil is focused for 2030, with fuel exports anticipated to start in 2031.
The SEAP improvement represents a significant funding, with complete challenge spending exceeding 60 billion reais and anticipated recoverable volumes of greater than 1 billion boe. Petrobras mentioned ongoing collaboration with suppliers and contract optimization efforts helped enhance challenge economics and assist ultimate approval.
Along with the FPSOs, the challenge scope contains drilling and completion of 32 wells and set up of subsea infrastructure, together with a 134-km fuel export pipeline linking offshore manufacturing to onshore services.
Petrobras operates the SEAP concessions with various pursuits throughout a number of blocks, alongside companions together with IBV Brasil Petróleo and ONGC Campos. The event is anticipated to play a central position in increasing Brazil’s home fuel provide and strengthening nationwide power infrastructure.
