Petrobras is facing a hard market to lease FPSOs for Sergipe-Alagoas (SEAL), in view of the increasing costs and the specificities of the GTD for these projects SEAP I and SEAP II. This is the second time Petrobras comes out to market for SEAP I though previously the selection being for BOT (Built-Operate-Transfer), after not having secured suitable offers. The alternative to leasing is for Petrobras to order the units themselves.
Carlos Travassos, Executive Director of Engineering, Technology and Innovation declared this week that Petrobras has more control over operations with their owned units, but on the other hand, the process is lengthier. Travassos commented on aspects to increase the viability of projects such as the access to the Merchant Marine Fund (FMM), in addition to conversations with private and foreign financial institutions.
SEAP project should have the capacity to process 120,000 boed each. Launched in April 2023, with proposals initially scheduled to be delivered in October, the tender was already postponed three times.
