Petrobras (PBR) Secures Deal for Two Floating Production Vessels

On May 28, Petrobras (PBR) signed a contract with SBM Offshore for two floating oil and gas production vessels for its Sergipe deepwater project. The contract includes the construction, operation, and ownership details of FPSOs SEAP-I and SEAP-II, which have an expected production capacity of 120,000 barrels of oil per day and treatment of 425 million standard cubic feet of gas per day. This deal aims to enhance development projects that could potentially yield over 1 billion barrels of oil equivalent. The initial operation period for SBM Offshore is set at 6.5 years with delivery scheduled for 2030.