QatarEnergy has announced that the consortium partners in the Sepia joint venture have made a final investment decision (FID) for the second development phase of Brazil’s Sépia field. This field is located in the pre-salt Santos Basin, offshore Brazil. The joint venture includes QatarEnergy, TotalEnergies, Petronas, Petrogal Brazil, and Petrobras, which acts as the operator.
The FID was formalized through a contract with Seatrium O&G Americas Limited to construct a floating production storage and offloading (FPSO) unit. This FPSO will operate in the ultra-deep waters of the Sépia field with a crude oil production capacity of 225,000 barrels per day and a gas processing capacity of ten million cubic meters per day.
His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, noted that this contract marks an important milestone in QatarEnergy’s activities in Brazil.
The FPSO is designed to reduce greenhouse gas emission intensity by 30% per barrel of oil equivalent. This reduction is attributed to its all-electric configuration and energy efficiency optimizations within its processing plant. It also incorporates various environmental technologies including zero routine ventilation, deep seawater capture, speed variators in pumps and compressors, cogeneration through waste heat recovery units, routine zero burning practices via torch gas recovery systems (closed flare), low fugitive emissions valves, and CO2 capture for geological storage.
Construction of the FPSO will take place across shipyards in Brazil, China, and Singapore. It will be the second FPSO unit at the Sépia field alongside the existing Carioca FPSO and will focus on developing its northern part.
