Summary by Moomoo AI
Petrobras has initiated a procurement process for up to two FPSO oil production units for the Sergipe Deep Waters Project (SEAP) in the Sergipe-Alagoas Basin. The project will utilize a Build-Operate-Transfer (BOT) model, with the first firm unit for SEAP 2 scheduled to begin operations in 2030. Each FPSO will have a processing capacity of 120,000 barrels of oil per day and 12 million cubic meters of gas per day.The procurement includes one confirmed unit for SEAP 2 and an option for a second similar FPSO for SEAP 1. The BOT model aligns with Petrobras' strategy to explore new procurement approaches, aiming to secure financing solutions while ensuring project ownership. This initiative is strategic for increasing domestic gas availability and establishing a new production frontier in Northeast Brazil.The SEAP project spans multiple fields across different concessions. SEAP 1 covers the Agulhinha, Agulhinha Oeste, Cavala, and Palombeta fields, while SEAP 2 encompasses the Budião, Budião Noroeste, and Budião Sudeste fields. Petrobras holds varying ownership stakes in these concessions, ranging from 60% to 100%.
