Brazil
Analysis

Spotlight: The next wave of Petrobras FPSOs

Bnamericas Published: Thursday, November 03, 2022
Spotlight: The next wave of Petrobras FPSOs

Petrobras’ business plan for the 2023-27 period is expected to involve new FPSOs for the Sépia and Atapu fields, two sources with knowledge of the matter told BNamericas. 

Both assets are located in the Santos basin pre-salt region and currently produce via the Carioca (Sépia) and P-70 (Atapu) platforms. 

The two new FPSOs are likely to be contracted under the engineering, procurement and construction (EPC) model.

Petrobras acquired Sépia and Atapu through a transfer of rights process in 2010. 

In 2021, the Brazilian company purchased the surplus volumes at the assets in partnership with TotalEnergies, QatarEnergy and Petronas in the case of Sépia, and with Shell and TotalEnergies in the case of Atapu.  

On Monday, the Sépia consortium announced an oil discovery in the extreme northwest area of the project, at water depths of nearly 2,200m. 

According to the latest data from the local oil and gas regulator ANP, Sépia and Atapu respectively produced approximately 173,000boe/d and 160,000boe/d in September.

Besides these two production units, the state-run firm’s next business plan will contain several platforms that have already been contracted or are being tendered. 

In the list are the Sepetiba, Marechal Duque de Caxias and Alexandre de Gusmão FPSOs for the Mero field, which have been chartered with SBM Offshore, Misc and SBM Offshore, respectively. 

Also in the group of chartered units are the Anita Garibaldi (Modec) and Anna Nery (Yinson) platforms for the Marlim/Voador revitalization project, Almirante Barroso (Modec/Búzios) and Almirante Tamandaré (SBM/Búzios), and Maria Quitéria (Yinson/Parque das Baleias), in addition to the Albacora revitalization and the two Sergipe Deepwater FPSOs (P-81 and a yet to be named-unit), the contracting processes for which are underway.  

In terms of Petrobras-owned FPSOs, the company's plan for 2023-27 will involve the Búzios P-78 and P-80 (Keppel Shipyard), P-79 (Saipem/DSME) and P-82 (Sembcorp Marine) floating production units. 

The P-71 (Petrobras-owned) has arrived in the Itapu field, and may have its first oil in December this year, according to Petrobras. 

Meanwhile, the federal oil giant is studying the possibility of contracting a 12th unit for Búzios, a third platform for the revitalization of Marlim, as well as FPSOs for the revitalization of Tupi and Barracuda/Caratinga, local sources told BNamericas.  

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