​QatarEnergy to help develop offshore oil project in Brazil

Petrobras

• Contract for FPSO units signed
• Site is 200km off Rio de Janeiro
• Five countries in consortium

A consortium including the state-backed QatarEnergy has taken the final investment decision to develop the second phase of the Sépia oil and gas field, 200km off the coast of Brazil.

The other partners alongside QatarEnergy are TotalEnergies of France, Petronas of Malaysia, the Netherland’s Petrogal Brazil, and Brazil’s Petrobras, the field operator.

A contract was signed with Seatrium O&G Americas Limited to construct a floating production storage and offloading (FPSO) unit to operate in the ultra-deep waters of the Sépia field, east of Rio de Janeiro.

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An FPSO is a floating vessel located near an offshore oil field, where oil is processed and stored until it can be transferred to a tanker for transporting and additional refining.

The FPSO will have a crude oil production capacity of 225,000 barrels of oil a day, and a gas processing capacity of 10 million cubic metres per day.

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The FPSO is expected to reduce greenhouse gas emission intensity per barrel of oil equivalent by 30 percent. 

Construction of the FPSO will be carried out in shipyards in Brazil, China, and Singapore. It will target the northern part of the Sépia field. 

The Sépia field has been producing since 2021 through the Carioca FPSO unit, with a production capacity of 180,000 barrels of oil per day, TotalEnergies said.

TotalEnergies owns an interest of 17 percent in Brazil’s Sépia field, in partnership with Petrobras (55 percent), Petronas (12.7 percent), QatarEnergy (12.7 percent) and Petrogal (2.4 percent).