Petrobras signs contracts for the acquisition of platforms P-84 and P-85

By Petrobras

May 24, 2024

This is a machine translation of the press release originally published in Portuguese.

Petrobras informs that today it signed contracts for the acquisition of platform ships P-84 and P-85 , with Seatrium O&G Americas Limited. The two units will be owned and installed, respectively, in the Atapu and Sépia fields, in ultra-deep waters, in the pre-salt of the Santos Basin , with production scheduled to begin between 2029 and 2030.

The two new platforms are of the FPSO type (floating production, storage and transfer unit) and will be installed in water depths exceeding 2,000 meters. The P-84 (Atapu) and P-85 (Sépia) platforms will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day. The construction of P-84 and P-85 will be carried out in shipyards in Brazil, China and Singapore, and will reach local content percentages of 20% in P-84 and 25% in P-85.

Currently, the Atapu and Sépia fields have production from two platforms, the P-70 in the Atapu Field and the FPSO Carioca in the Sépia field. P-84 and P-85 will be the second units in their respective fields.

The P-84 and P-85 projects are expected to reduce the intensity of greenhouse gas emissions by 30% per barrel of oil equivalent produced, placing them among the most efficient FPSOs to come into operation in Brazil. The reduction is due to the benefits of the All Electric configuration, optimizations in the processing plant to increase energy efficiency and the incorporation of several technologies, such as: zero routine ventilation (recovery of ventilated gases from the cargo tanks and the processing), deep capture of seawater, use of speed variators in pumps and compressors, cogeneration ( Waste Heat Recovery Unit ), zero routine burning (recovery of gases from the torch – closed flare ), valves with requirements for low fugitive emissions and the capture, use and geological storage of CO2 from the gas produced.

Petrobras holds a 65.7% stake in the shared Atapu deposit, in partnership with Shell (16.7%), TotalEnergies (15%), Petrogal Brasil (1.7%) and União, represented by PPSA (0.9 %). For the shared Sépia deposit, Petrobras has a 55.3% stake in partnership with TotalEnergies (16.9%), PETRONAS (12.7%), QatarEnergy (12.7%), Petrogal Brasil (2.4% ). In both deposits, Petrobras is the operator and PPSA acts as manager of the sharing contract.