Aside from the SEAP II project, Petrobras’ portfolio entails the SEAP I project, which covers the deposits belonging to the Agulhinha , Agulhinha Oeste , Cavala , and Palombeta fields, situated in the BM-SEAL-10 and BM-SEAL-11 concessions.
With a substantial volume of gas, considering the potential to offer up to 18 million cubic meters of gas per day, the projects are said to open a new horizon of investments, unlocking a series of opportunities to the sector and to the states of Sergipe and Alagoas.
These projects are forecast to enable a new technological milestone in the country, which is the implementation of a production project in water depth above 2,500 meters, reaching up to 3,000 meters, incorporating state-of-the-art innovations.
Petrobras is the operator of the BM-SEAL-11 concessions with a 60% stake, in partnership with IBV Brasil Petróleo (40%), and BM-SEAL-10, where it holds a 100% stake.
The FID comes shortly after the Brazilian heavyweight, in a consortium with Shell, obtained additional equity in two pre-salt oil projects in Brazil.