Sepia Oil Field

Summary Information

• Operator: Petrobras
• Country: Brazil
• Location: Santos Basin
• Production start: 2021
• Partners: PETRONAS (21%), Petrobras (30%), TotalEnergies (28%) and QatarEnergy (21%).
• Type: Oil / Gas
• Estimated Reserves:
• Production Volume: 170,000 bpd (2022)

Description

• The Sépia Leste field is at approximately 250 km and the Sépia field 185 km from the coast of Rio de Janeiro state, at a depth of 2,165 meters.
• The permanent development utilises the Carioca FPSO MV30 but an early production system used Cidade de São Vicente FPSO
• A total of 15 wells are planned, but the first phase includes seven-riser wells (3 producers and 4 injector wells)
• The P-85 FPSO will be added to the field in 2028 as part of the phase 2 development

Contractors

• MODEC: Engineering, procurement, construction, mobilization and installation of the FPSO, including topsides processing equipment as well as hull and marine systems.
• Sofec designed and provided the spread mooring system
• McDermott Detailed engineering, surveys, supply, installation and pre-commissioning of rigid pipelines, jumpers, buoyance modules, strakes and riser monitoring systems for seven-riser wells (3 producers and 4 injector wells) connected to the Carioca FPSO MV30

Phase 2

• Seatrium: EPC for FPSO

History

• 2014 - The Sépia field was declared commercially viable
• 2015 - The Sépia Leste field was declared commercially viable
• 2016 - Early production system produces oil for 180 days
• 2017 - Modec awarded FPSO contract
• 2021 - First oil produced
• 2021 - Petronas becomes 21% shareholder and Qatarenergy 14.4% owner
• 2022 - New oil discovery made in the field
• 2024 - FID for second phase development

Geology

• The field is located in the pre-salt

Links

1. Declaration of the Commercial Viability of the Sépia Leste area, in the pre-salt layer of the Santos Basin
2. Early Production System starts up in the Santos Basin's Sepia pre-salt
3. Contracting of FPSO for Sepia field
4. McDermott Awarded EPCI Contract by Petrobras for Sepia Field Project
5. MODEC’s FPSO Carioca MV30 achieves First Oil and starts 21-Year Time Charter
6. PETRONAS Wins Sépia Field In Brazil Bid Round
7. Qatarenergy announces hydrocarbon discovery in Brazil’s Sépia field
8. Brazil: TotalEnergies expands its pre-salt footprint on giant low-cost and low emissions reserves
9. Petrobras on P-84 and P-85 contracting process
10. Qatarenergy Announces FID In the Second Development Phase For Brazil’s Sépia Field