Petrobras Presents Declaration of Commerciality in the Sergipe-Alagoas Basin

Petrobras, as operator of the BM-SEAL-4 and BM-SEAL-11 consortiums and the sole holder of the rights to the BM-SEAL-4A and BM-SEAL-10 concessions, presented this Thursday (12/30) to the Agency National Petroleum, Natural Gas and Biofuels (ANP), the declarations of commerciality for oil accumulations located in the areas of the Discovery Assessment Plans included in these concessions.

“We are enabling a new frontier in the development of oil and gas production. To reach the reservoirs with excellent quality oil, we have to overcome a water depth above 2,400 meters, which brings us several challenges for the implementation of the project, including the adoption of new technologies", explains the Director of Exploration and Production from Petrobras, Fernando Borges, who highlights the results already achieved. "In the exploratory phase, we reached the national record for water depth in the drilling of a well, with 2,990m, equivalent to the height of Pico da Neblina, the highest point in Brazil."

The BM-SEAL-4 and BM-SEAL-4A areas were acquired in 2000, in the 2nd Bidding Round under the Concession Agreement. The BM-SEAL-10 and BM-SEAL-11 areas were acquired in 2004, in the 6th Bidding Round under the Concession Agreement.

In the statements sent to the regulatory body, the names suggested for the new fields were: Budião, Budião Noroeste, Budião Sudeste, Palombeta, Mackerel, Agulhinha and Agulhinha Oeste.

Petrobras intends to develop the production of the fields above in two modules, called Sergipe Águas Profundas (SEAP) I and II, which foresee the installation of two FPSO-type platforms.

The first platform, planned to serve the SEAP I module, will be the P-81, starting production in 2026, with the capacity to produce 120,000 barrels of oil/condensate and flow 8 million m³ of gas per day. The second platform, planned to serve the SEAP II module, is in the contract planning phase and is expected to start production after the 2022-2026 Strategic Plan horizon.

The SEAP I and II modules include the implementation of a new gas flow system connecting the two Production modules to the Sergipan coast, with a capacity of 18 million m³ per day, which is in the planning stage, and is scheduled to start operating for beyond the horizon of the Strategic Plan 2022-2026.

Petrobras is the Operator of Concessions BM-SEAL-4A and BM-SEAL-10 with a 100% interest, in Concession BM-SEAL-11 with 60%, in partnership with IBV Brasil Petróleo Ltda. (40%), and in the BM-SEAL-4 Concession with 75%, in partnership with ONGC Campos Ltda. (25%).