QatarEnergy, along with its consortium partners TotalEnergies, Petronas, Petrogal Brazil, and Petrobras, has announced the final investment decision for the second development phase of the Sépia field, located in the prolific pre-salt Santos Basin, offshore Brazil.

The FID was commemorated with the signing of a contract with Seatrium O&G Americas Limited for the construction of a floating production storage and offloading unit. This FPSO will operate in the ultra-deep waters of the Sépia field and boasts a crude oil production capacity of 225,000 barrels per day and a gas processing capacity of ten million cubic metres per day.

His Excellency Mr. Saad Sherida Al-Kaabi, minister of state for energy affairs and president and CEO of QatarEnergy, hailed the contract award as a significant milestone in QatarEnergy’s activities in Brazil.

The FPSO is designed to reduce greenhouse gas emission intensity per barrel of oil equivalent by 30 percent. This reduction will be achieved through an all-electric configuration and various optimisations to increase energy efficiency. The unit will also feature several environmental technologies, including zero routine ventilation (recovery of ventilated gases from cargo tanks and processing), deep seawater capture, speed variators in pumps and compressors, cogeneration (Waste Heat Recovery Unit), routine zero burning (torch gas recovery – closed flare), valves with low fugitive emissions, and the capture, use, and geological storage of CO2 from the gas produced.

The construction of the FPSO will be undertaken in shipyards located in Brazil, China, and Singapore. This will be the second FPSO in the Sépia field, complementing the existing Carioca FPSO, and will specifically target the northern part of the Sépia field.

This development phase represents a crucial advancement in the Sépia joint venture’s efforts to harness the rich resources of the Santos Basin, further solidifying QatarEnergy’s strategic initiatives in Brazil.

For more information visit www.qatarenergy.qa

28th May 2024