Petrobras Postpones Contracting Two FPSOs until after 2030: Albacora and SEAP I

Nov. 28 – Petrobras has postponed the contracting of two FPSO (floating production, storage and offloading) units until after 2030: one for the Albacora field revitalization project and the other for the second FPSO for Sergipe Águas Profundas (SEAP). Both units were left out of the horizon of the company’s new 2026-2030 Business Plan.

The decision to postpone these FPSOs is due to reassessments of the company’s investment plan, possibly due to factors such as the fall in oil prices and difficulties in bidding processes.

Albacora Revitalization: The deadline for receiving proposals for the construction of the FPSO for this project had already been postponed previously. Now, the contracting of the production unit is no longer included in the five-year plan.

SEAP (Sergipe Deep Waters) II: The second floating production, storage and offloading (FPSO) vessel for the Sergipe Deep Waters project has also been moved beyond the 2030 timeline. The project as a whole is already facing scheduling challenges.

Meanwhile, Petrobras maintains its plan to install 11 new platforms in the pre-salt layer by 2027 and is studying the contracting of other units for fields such as Tupi, Búzios 12, and Mero 5, with some potentially coming online around 2030.