Brazilian oil firm Petrobras has started the contracting process for the chartering of two floating, production, storage, and offloading (FPSO) vessels for the Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the coast.
Petrobras said that the two FPSOs would expand the availability of national gas, besides opening a new production frontier in the Northeast region. Each platform (SEAP I and SEAP II) and will have the capacity to process up to 120 thousand barrels of oil per day (bpd).
"The oil in the region is light, considered to be of good quality, between 38 and 41 degrees API - and, therefore, of higher commercial value. Together, the two units will have the potential to offer up to 18 million cubic meters of gas per day," Petrobras said.
"The Sergipe Águas Profundas project stands out for its expressive reserves, with potential to boost the supply of natural gas in the country and reduce our dependence on imports of this input," said Petrobras CEO Jean Paul Prates.
"Another advantage is that gas is the crucial fuel for energy transition. Not only for its versatility of application - as an energy source for the most diverse industries - and predictability of delivery, but mainly for its efficiency in emissions", he added.
Substantial Gas Volumes
Petrobras said that, with a substantial volume of gas, the project opens a new horizon for investments, bringing a series of opportunities for the sector and for the states of Sergipe and Alagoas.
"Furthermore, it will enable a new technological milestone in the country: the implementation of a production project at water depths above 2,500 meters (reaching up to 3 thousand meters), incorporating state-of-the-art innovations," Petrobras said.
"The two FPSOs will be chartered units and, in their technical specifications, Petrobras used advanced solutions - such as improvements in the treatment and injection system for the water produced in the reservoir, and new technologies with greater efficiency in reducing greenhouse gas emissions," Petrobras said.
In December 2021, seven deepwater fields in the Sergipe-Alagoas Basin were declared commercially available: Agulhinha, Agulhinha Oeste, Budião, Budião Noroeste, Budião Sudeste, Cavala, and Palombeta.
The SEAP I project covers the fields of Agulhinha, Agulhinha Oeste, Cavala, and Palombeta, located in the BM-SEAL-10 and BM-SEAL-11 concessions. Petrobras is the operator of the BM-SEAL-11 concessions - with 60% stakes, in partnership with IBV Brasil Petróleo LTDA (40%) - and BM-SEAL-10, where it holds 100% stakes.
The SEAP II project covers reservoirs belonging to the Budião, Budião Noroeste, and Budião Sudeste fields, located in the BM-SEAL-4, BM-SEAL-4A, and BM-SEAL-10 concessions, respectively.
Petrobras is the operator of concessions BM-SEAL-4 - with 75% stakes in partnership with ONGC Campos Limitada (25%) - and BM-SEAL-4A and BM-SEAL-10, where it holds 100% stakes.