Petrobras has given the green light to proceed with the Sergipe Deep Waters Module 2 (SEAP II) project in the Sergipe–Alagoas Basin, marking a major step toward strengthening Brazil’s domestic natural gas supply and establishing a new offshore production hub in the Northeast. The decision reinforces the company’s strategy of expanding energy availability while unlocking new exploration and production potential in the region.
SEAP II covers a group of light-oil reservoirs with high-quality crude, ranging between 38 and 41 degrees API. These resources are located in the Budião, Budião Northwest, and Budião Southeast fields, approximately 80 kilometres offshore, within the BM-SEAL-4, BM-SEAL-4A, and BM-SEAL-10 concession areas. Petrobras operates BM-SEAL-4 with a 75 percent interest alongside ONGC Campos Limitada, which holds the remaining 25 percent. The company also operates BM-SEAL-4A and BM-SEAL-10 with full ownership.
To develop the project, Petrobras plans to contract a floating production, storage, and offloading unit under a Build, Operate, and Transfer model. The FPSO is designed to process up to 120,000 barrels of oil per day and handle 12 million cubic metres of gas daily. Negotiations for the unit are expected to be concluded in the first half of 2026, with first oil targeted for 2030, in line with the company’s 2026–2030 Business Plan.
Alongside SEAP II, Petrobras is advancing the Sergipe Deep Waters Module 1 (SEAP I) project, which includes the Agulhinha, AgulhinhaOeste, Cavala, and Palombeta fields located within the BM-SEAL-10 and BM-SEAL-11 concessions. Petrobras operates BM-SEAL-11 with a 60 percent stake in partnership with IBV BrasilPetróleo LTDA, which holds 40 percent, and maintains full ownership of BM-SEAL-10.
Together, the SEAP I and SEAP II developments are expected to unlock significant volumes of natural gas, with the potential to supply up to 18 million cubic metres per day. The scale of these resources creates a new investment frontier, generating opportunities across the energy value chain and delivering economic benefits to the states of Sergipe and Alagoas.
The projects will also mark a technological breakthrough for Brazil’s offshore sector. Development will take place in ultra-deep waters exceeding 2,500 metres, reaching depths of up to 3,000 metres, and will incorporate advanced engineering solutions and next-generation production technologies. This combination of scale, innovation, and resource potential positions the Sergipe Deep Waters area as a key pillar in Brazil’s future offshore energy landscape.
