Sépia-2 oil development, Brazil

28th June 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Sépia-2 oil development.

Location
Presalt Santos basin, offshore Brazil.

Project Owner/s
Petrobras holds a 55.3% stake, in partnership with TotalEnergies (16.9%), Petronas (12.7%), QatarEnergy (12.7%), and Petrogal Brasil (2.4%).

Project Description
The Sépia field has been producing oil through the Carioca floating production storage and offloading (FPSO) unit since 2021.

Phase 2, Sépia-2 (P-85), will comprise a newly built FPSO with a capacity of 225 000 bbl/d, and a processing capacity of ten-million cubic metres a day of gas.

The project has been designed to minimise greenhouse-gas emissions through an all-electric configuration and technologies such as waste heat recovery, closed flare, cargo oil-tank gas recovery and variable-speed drives for compressors and pumps.

Potential Job Creation
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
First oil is expected between 2029 and 2030.

Latest Developments
The joint venture partners made a final investment decision in May 2024.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Petrobras, tel +55 21 99921-1048 or email imprensa@petrobras.com.br.
TotalEnergies media relations, tel +33 1 47 44 46 99 or email presse@totalenergies.com; or investor relations, tel +33 1 47 44 46 46 or email ir@totalenergies.com.
Petrogal Brasil, tel +351 21 724 08 66 or email investor.relations@galp.com.


 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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