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.