Petrobras signs contract with SBM Offshore for two Sergipe FPSOs
Type: Supply Agreement · Technology: Oil Gas · Country: Brazil · Announced: 2026-05-29
Petrobras, Brazil's state-run oil firm, finalized negotiations with SBM Offshore to supply two floating oil and gas production vessels (FPSOs) for its Sergipe deepwater project. The vessels, designated P-81 and P-87, will be deployed in the Sergipe Basin, marking a strategic expansion of Petrobras' offshore production capacity in Brazil's northeastern region. The contract signing is imminent, according to Petrobras CEO Magda Chambriard, who highlighted the vessels' role in boosting local oil and gas output. This agreement reinforces Petrobras' commitment to deepwater exploration amid Brazil's push for energy self-sufficiency. The FPSOs will operate in ultra-deepwater depths, leveraging SBM Offshore's expertise in floating production systems.
Counterparties
- SBM Offshore (Supplier)
- Petrobras (Buyer)
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