- SBM Offshore will build two BOT FPSOs (P-81 and P-87) for SEAP I and SEAP II, with contract signing scheduled for May 2026.
- Combined installed capacity of 240,000 bbl/d oil and 22 million m³/d gas, with oil production from 2030 and gas export from 2031.
- Total investment exceeding R$60 billion and >1 billion boe forecast; project scope includes 32 wells and a 134 km export pipeline (111 km offshore, 23 km onshore).
Project decision and rationale
Petrobras approved the FID for SEAP I; SEAP II FID had been approved in December 2025. Feasibility followed project optimizations and contractual reviews with suppliers, enabling joint negotiation of platforms P-81 and P-87 to capture synergies.
Contracting and schedule
SBM Offshore will build two FPSOs under BOT contracts; contract signing is scheduled for May 2026 after governance and partner approvals. Oil production is targeted from 2030 and gas export from 2031.
Capacity and investment
Combined installed capacity is 240,000 bbl/d and 22 million m³/d of gas. Total investment exceeds R$60 billion and the two projects forecast production of more than 1 billion boe.
Project scope and field stakes
Scope includes 32 wells and a 134 km export pipeline (111 km offshore, 23 km onshore). SEAP I (Agulhinha, Agulhinha West, Palombeta) covers BM-SEAL-10 (100% Petrobras) and BM-SEAL-11 (Petrobras 60%/IBV 40%) with 120,000 bbl/d and 10 million m³/d capacity. SEAP II (Budião, Budião NW, Palombeta) covers BM-SEAL-4 (Petrobras 75%/ONGC 25%), BM-SEAL-4A and BM-SEAL-10 (100% Petrobras) with 120,000 bbl/d and 12 million m³/d capacity. Tenders for ANMs and subsea equipment are underway; remaining infrastructure tenders are planned for 2026.
