Website Cookies

We use cookies to make your experience better. Learn more on how here

Accept

Petrobras, partners sanction second-phase development of Santos basin fields – Oil&Gas Journal

OGJ editors – May 28, 2024

Petrobras has taken final investment decision to proceed with second phase development of Atapu and Sépia fields in the pre-salt Santos basin, offshore Brazil.

Atapu field, which lies within Block BM-S-11A, has been producing since 2020 through the P-70 floating production storage and offloading (FPSO) vessel, with a production capacity of 150,000 b/d of oil. The second development phase, Atapu-2, will comprise a new-built FPSO of 225,000 b/d capacity. Petrobras is operator of the field with 65.7% interest. Partners are TotalEnergies 15%, Shell plc (16.7%), Petrogal (1.7%), and PPSA (0.9%).

Sépia field, in Block BM-S-24, has been producing since 2021 through the Carioca FPSO, with a production capacity of 180,000 b/d of oil. The second development phase, Sépia-2, will target the northern part of the field. Development comprises a new-build FPSO of 225,000 b/d capacity and gas processing capacity of 10 million cu m/day. Seatrium O&G Americas Ltd. was contracted to construct the FPSO. Petrobras is operator of the field with 55.3% interest. Partners are TotalEnergies (16.9%), Petronas (12.7%), QatarEnergy (12.7%), and Petrogal (2.4%).

The two FPSOs are expected to start producing beginning in 2029.

Source: Oil&Gas Journal / BR8

General News

CNPE will discuss Brazil’s entry into OPEC+ this month, says Silveira to CNN.

CNN – 05/02/2025 16:24 Minister of Mines and Energy highlights geopolitical importance and supports accession. The Minister of Mines and Energy, Alexandre Silveira, announced that Brazil is set to join OPEC+, a group of oil-producing countries. The statement was made during an interview with CNN this Wednesday (5th), in which Silveira highlighted the geopolitical importance...
READ POST
General News

Petrobras meets target, but production declines in 2024

Oil and gas output falls 3.1% for the year, despite pre-salt records By Kariny Leal and Rafael Rosas — Rio de Janeiro 02/04/2025 10:02 AM Petrobras achieved its oil and gas production targets for 2024, but that didn’t prevent the company from posting annual and quarterly declines in output. According to the state-run oil giant’s production and sales report...
READ POST
General News

The Transition of Tax Reform Will Require Adaptation from the Oil Sector

Danilo Oliveira – 27/01/2025 – 19:49 The recent sanctioning of the regulation of the Tax Reform (LC 214/2025) may bring different impacts on the prices of products and/or services of companies in the oil and gas sector. A large portion of the players are service providers contracted by operators for activities such as seismic surveys,...
READ POST

Address: Rua Visconde de Inhaúma, 37 – sala 801
Centro – 20091-007 –Rio de Janeiro, RJ – Brasil

Email: info@br8shipping.com

Copyright © 2024 BR8

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Web Design by Yellowball

Select your language