Brazil's Petrobras Boosting Offshore Crude Oil and Natural Gas

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Written by Amir Richani for IIR News Intelligence (Sugar Land, Texas)

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Summary

Brazil's Petrobras is advancing SEAP I and II, targeting a 240,000-barrel-per-day and 22 million-cubic-meter-per-day capacity boost by 2030. According to Industrial Info Resources data, the projects have a combined total investment value of more than US$2 billion.

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Sergipe Deepwater I Development Gets FID

Brazilian oil and gas major Petrobras has approved the final investment decision of the Sergipe Deepwater I development, part of the SEAP project. SEAP II, the other half of the development, was approved in December 2025.

According to Industrial Info Resources data, the projects have a combined total investment value of more than US$2 billion. Subscribers to the Industrial Info Resources Global Market Intelligence (GMI) Oil & Gas Production Project Database can view a list of detailed project reports for SEAP 1 and SEAP II.

Located in the Sergipe-Alagoas Basin, the SEAP I and II projects include the P-81 and P-87 platforms, which will be constructed by SBM Offshore. The contracts are expected to be signed in May.

SEAP I will connect the light oil fields of Agulhinha, Agulhinha Oeste and Palombeta. It will have a production capacity of 120,000 barrels per day (bpd) of crude oil and process 10 million cubic meters per day (m3/d) of natural gas.

Meanwhile, SEAP II will connect the Budião, Budião Noroeste and Palombeta fields and will have a production capacity of 120,000 bpd and process 12 million m3/d.

To transport the natural gas onshore, a 134-kilometer (69-mile) gas pipeline will be constructed, of which 111 kilometers will be offshore and 23 kilometers onshore.

Both platforms will follow a build, operate and transfer (BOT) contract, where the contractor handles design, construction, assembly and initial operations before transferring them to Petrobras.

"The choice of the BOT contracting modality contributed to enabling the start of production in less time. This result reflects the joint work of Petrobras, its partners and the supplier market aimed at adding value to projects and strengthening the company's strategy," said Renata Baruzzi, Petrobras's director of engineering, technology and innovation.

Petrobras Has Big Upstream Plans

The projects are part of Petrobras' wider plan to expand oil and gas production by 2030. By then, the company expects to have added eight new platforms, raising commercial oil and gas production to 2.9 million barrels of oil equivalent per day (BOE/d) and operated production to 4.7 million BOE/d.

In February, the Brazilian state company recorded operating oil and gas production at 4.74 million BOE/d, near its 2030 production target, making Petrobras the country's largest producer.

According to Industrial Info Resources data, there are about 240 Petrobras-owned projects in Brazil, totaling more than US$33 billion. Of those, 218 projects, totaling more than US$27 billion, are planned to be completed by the end of 2030.

More Reserves for More Production

To support its production volumes for the next few years, Petrobras has embarked on a mission to expand its resources and reserves. As part of that, the company announced a new oil pre-salt discovery in the Campos Basin on the Block C-M-477 at a depth of almost 3,000 meters. Petrobras owns 70% of the block, while the remaining 30% stake is controlled by BP plc.

Petrobras has pledged to invest US$7.1 billion in exploration between 2026 and 2030, with US$4.7 billion allocated to projects in Brazil and the remaining US$2.4 billion to projects abroad.

Key Takeaways

• Petrobras approved the the SEAP I project.
• SEAP I and II will add production capacities of 240,000 bpd and 22 million m3/d.
• There are 240 Petrobras projects in Brazil worth US$33.89 billion.

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Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 Trillion (USD).