Petrobras to order FPSOs

Petrobras released this week the tenders to charter two production units for the Sergipe Águas Profundas (SEAP) project. The SEAP-I and SEAP-II units will be deployed in deep waters of the Sergipe-Alagoas Basin, with an expected kick-off in production by 2027, according to the National Oil Company’s latest strategic plan. The design of these units can prove to be more complex and expensive due to specifics of the project. The SEAP-I unit had already been tendered before however, the whole process was cancelled by Petrobras, as it was released under a BOT (Build-Operate-Transfer) concept, that was ultimately considered economically inefficient at the time.