Petrobras takes FID for SEAP I in Sergipe-Alagoas basin
Key Highlights
- Petrobras approved the FID for SEAP I development in Sergipe-Alagoas basin.
- The FID will allow integration of SEAP I and SEAP II.
- First oil is expected in 2030.
Petróleo Brasileiro SA (Petrobras) has taken final investment decision (FID) for the Sergipe Águas Profunda I (SEAP I) project in the Sergipe-Alagoas Basin offshore Brazil. The FID consolidates development of SEAP after the SEAP II module was approved in December 2025.
The operator said FID enabled joint negotiation of platforms P-81 and P-87 to integrate SEAP I and SEAP II.
SBM Offshore will be responsible for construction of the two platforms which together will have an installed capacity to produce up to 240,000 bo/d and process 22 million cu m/d of natural gas. The start of oil production is scheduled for 2030, with gas exports starting in 2031.
The SEAP I unit will have the capacity to produce 120,000 bo/d and process 10 million cu m/d of natural gas.
The SEAP II project includes good-quality light oil from Budião, Budião Noroeste, and Palombeta fields about 80 km off the coast in the BM-SEAL-4, BM-SEAL-4A, and BM-SEAL-10 concessions, respectively. Petrobras is the operator of the BM-SEAL-4 concessions (75%) in partnership with ONGC Campos Limitada (25%). Petrobras holds 100% of BM-SEAL-4A.
The SEAP II unit will have processing capacity of 120,000 bo/d and 12 million cu m/d of gas.
With a combined investment of more than 60 billion reais, the two projects are expected to produce more than 1 billion boe.
Contracts are expected to be signed in May.
