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Petrobras initiates FPSO bid for Sergipe Deep Waters project in Brazil

2024-12-03 15:32

Wedoany.com Report-Dec 03,  Brazilian state-owned oil company Petrobras has commenced the procurement process for up to two FPSO units for the Sergipe Deep Waters (SEAP) project in the Sergipe-Alagoas Basin in Brazil.

The procurement process is being implemented in a build, operate and transfer (BOT) model, where the contractor will design, construct, assemble and operate the units before transferring operations to Petrobras.

The process involves bidding for a firm unit designated for SEAP 2, with an option to procure a second similar FPSO for potential use in SEAP 1.

The SEAP 2 unit is expected to start operations in 2030.

Each unit will process 120,000bopd and up to 12 million cubic metres of gas daily, exporting gas directly for sale, eliminating the need for onshore processing.

Petrobras’ choice of the BOT model aligns with its strategy to explore new FPSO contracting methods.

This approach aims to facilitate financing solutions for oil and gas projects and expedite project production, ensuring benefits to Brazilian society and delivering returns for shareholders.

The units will be owned by Petrobras, enhancing project efficiency.

Latin America Brazil Oil

Petrobras / FPSO

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