As a result, the signing of the contracts is expected in May 2026, after the completion of Petrobras’ governance procedures and the necessary partner approvals. The company underlines that SBM Offshore will be responsible for the construction of both platforms, which together will have an installed capacity to produce up to 240,000 barrels of oil per day and process 22 million cubic meters of natural gas per day.
Aside from the two FPSOs, the project includes the construction and interconnection of 32 wells, as well as the implementation of an export gas pipeline approximately 134 kilometers long — 111 kilometers offshore and 23 kilometers onshore. The bidding process for the supply of subsea Christmas Trees (WCTs) and equipment for both projects is already underway.
The bidding for the remaining infrastructure is expected to begin later in 2026. While oil production from SEAP II is scheduled to start in 2030, with gas exports beginning in 2031, production from SEAP I is expected after the Business Plan 2026-30 horizon. The SEAP I project covers reservoirs with light oil, considered high quality, belonging to the Agulhinha , Agulhinha Oeste , and Palombeta fields, located in the BM-SEAL-10 and BM-SEAL-11 concessions.
Petrobras is the operator of BM-SEAL-11 with a 60% stake, in partnership with IBV Brasil Petróleo (40%), and BM-SEAL-10 with 100% participation. The FPSO for the project will have the capacity to produce 120,000 barrels of oil per day and process 10 million cubic meters of natural gas daily.
The SEAP II project encompasses reservoirs with light oil, considered high quality, belonging to the Budião , Budião Noroeste , and Palombeta fields, situated about 80 kilometers off the coast in the BM-SEAL-4, BM-SEAL-4A, and BM-SEAL-10 concessions, respectively.
Petrobras is the operator of BM-SEAL-4 with a 75% stake, in partnership with ONGC Campos (25%), and BM-SEAL-4A and BM-SEAL-10, where it holds 100% participation. The FPSO to be deployed will have a daily processing capacity of 120,000 barrels of oil and 12 million cubic meters of gas.
“ SEAP is strategic for increasing the availability of natural gas in the country, strengthening national energy infrastructure, and opening a new production frontier in the Northeast region ,” emphasized the Brazilian state-owned giant.