Petrobras bids for ships for Sergipe Deepwater Project

Petrobras, the state-owned oil company of Brazil, has announced a bid to purchase up to two offshore production vessels as part of its Sergipe deepwater project SEAP. The announcement was made in a late Friday securities filing.

The floating production, storage, and offloading units (FPSOs) will be contract on a build, operate, and transfer model (BOT), where the hired firm plans, builds, and operates the unit over a period of time before transferring to Petrobras.

The Brazilian oil giant announced that the bids include a firm FPSO unit for SEAP 2 which is expected to begin operating in 2030 and an option to buy a second SEAP 1 unit.

According to Petrobras, each platform will be able process up to 120,000 barrels per day of oil as well as 12 million cubic metres of natural gas.

Petrobras executives had said earlier in the month that the company planned to launch the new procedure by the end 2024. This was after the previous bids failed, delaying a project which was originally scheduled to begin production in 2028. (Reporting and editing by Fabio Téixeira and Diane Craft; Reporting by Gabriel Araujo)

(source: Reuters)