Petrobras Commits R$60 Billion to Two FPSOs and Gas Pipeline in Sergipe

Overview

• Petrobras announced the R$60 billion investment in Sergipe, which Magda Chambriard made public Thursday, to build two FPSOs and a pipeline to carry about 18 million m³/day of gas to shore.
• Each FPSO will include an onboard Natural Gas Processing Unit (UPGN), a configuration Petrobras says is unprecedented in Brazil and intended to handle gas separation and treatment at sea.
• SBM Offshore won the tender and will build and operate the vessels under a BOT contract for roughly 6.5 years before transferring ownership to Petrobras, though formal contracts remain unsigned.
• The plan also includes large‑scale decommissioning of 26 shallow‑water platforms with 169 wells to be disconnected and related jobs tied to both removals and new construction, bringing total Sergipe spending to about R$70–72.5 billion.
• Petrobras projects first oil from the new FPSOs by 2030, gas exports by 2031, and says the investments could lift the Northeast's share of national gas supply from about 16% to roughly 31% by 2035 while boosting domestic fertilizer output.