SBM Offshore Secures Petrobras FPSO Contracts in Brazil

Dutch floater expert SBM Offshore has been awarded significant contracts by Brazilian state-owned oil and gas giant Petrobras for two FPSO projects located in the Sergipe-Alagoas basin off Brazil. These contracts mark a strategic win for SBM Offshore, enhancing its market position in the offshore oil and gas sector.

Contract Details

Under these contracts, SBM Offshore will design, build, and operate FPSOs SEAP-I and SEAP-II. The consortia led by Petrobras will own the FPSOs, while SBM Offshore will operate them for an initial 6.5-year period under separate operations and maintenance contracts. The design of both FPSOs is based on SBM Offshore’s Fast4Ward program, which incorporates the company’s 11th and 12th newbuild, multi-purpose floater hulls.

FPSO Specifications

• SEAP-I FPSO (P-81):

• Oil Production: 120,000 barrels per day

• Gas Treatment: 355 mcfpd

• Water Injection: 200,000 barrels per day

• Delivery: Expected in 2031

• Location: 100 km offshore, 2,500 meters depth

• SEAP-II FPSO (P-87):

• Oil Production: 120,000 barrels per day

• Gas Treatment: 425 mcfpd

• Water Injection: 120,000 barrels per day

• Delivery: Expected in 2030

• Location: 80 km offshore, 2,500 meters depth

Strategic Impact

The FPSOs will be connected to an export pipeline for direct gas delivery to shore, supporting domestic gas consumption in Brazil while minimizing offshore flaring and reinjection. This configuration aligns with SBM Offshore's expertise in advanced gas treatment.

"The advanced gas treatment requirements are a good fit for SBM Offshore’s expertise, and the export gas from the development will help boost the availability of gas for the region," said Øivind Tangen, CEO of SBM Offshore.

Future Outlook

The delivery of these FPSOs is expected to significantly contribute to Brazil's energy infrastructure by 2031, enhancing the country's gas supply capabilities. The next milestone for this project will be the delivery of the SEAP-II FPSO in 2030.