Radar · Projects to watch · 07 / 29

SEAP-I and SEAP-II FPSOs (P-81, P-87) — Sergipe-Alagoas basin

Two more Fast4Ward-hull FPSOs entering SBM Offshore's record backlog right as Schiedam engineering ramps up — a multi-year pipeline of FPSO design, procurement and commissioning roles, on top of Jaguar and SBM's other current builds.

Deepwater FPSO · Brazil (Americas) · every fact below is as reported by the linked sources, checked by hand on 2026-10-08.

Size
Combined up to 240,000 bopd and 22 million m3/day gas; SEAP-II (P-87) alone: 120,000 bopd, 425 MMcfd gas treatment, 120,000 bpd water injection
Operator / developer
Petrobras
Phase, as reported
FIDs taken (SEAP-II late 2025, SEAP-I April 2026); SBM engineering and procurement started on both FPSOs (each <25% complete at H1 2026)
Checked on
2026-10-08

Phase track steps named in the reported phase are marked

  1. FID
  2. Engineering
  3. Fabrication
  4. Construction
  5. Installation
  6. Commissioning

Who builds it as stated by the sources

  • Petrobras — operator, FID holder
  • SBM Offshore — build-operate-transfer contractor for both FPSOs; Petrobras will own the units, SBM operates for an initial 6.5 years

Reported risk as reported, as of 2026-10-08

Gas-export pipeline tender paused (September 2026). Petrobras has 'taken a step back' on the ~US$1 bn tender to assess Brazil's planned 'gas release' rules, which its E&P director had warned in July 2026 could delay the pipeline: a risk to the 2031 gas-export date rather than, so far, to the FPSO schedule.

Key dates as stated by the sources

FID
SEAP-II FID late 2025, SEAP-I FID April 2026; contracts signed by SBM Offshore late May 2026
Startup target
First oil targeted 2030, gas exports from 2031; SBM contractual handover SEAP-II (P-87) 2030, SEAP-I (P-81) 2031

Disciplines likely needed our inference

  • topsides/process engineering
  • project engineering/management
  • procurement/estimating
  • E&I
  • commissioning (later phase)

Our inference from project kind and phase — not stated by the sources below.

Sources checked on 2026-10-08

  1. SBM Offshore signed contracts for Petrobras' FPSOs SEAP-I and SEAP-IISBM Offshore (company newsroom) · published 2026-05-29 · retrieved 2026-09-19
  2. Petrobras takes FID on SEAP FPSO development in Brazil basinWorld Oil · published 2026-04-14 · retrieved 2026-09-19
  3. Petrobras bringing $12-billion oil & gas project pair to life with SBM Offshore on FPSO duty for bothOffshore Energy · published 2026 · retrieved 2026-09-19
  4. SBM Offshore Half Year 2026 EarningsSBM Offshore (company newsroom / half-year report PDF) · published 2026-08-06 · retrieved 2026-10-08
  5. Petrobras 'dá um passo atrás' na licitação do gasoduto de SEAP para avaliar impactos do gas release, diz BaruzziABEGÁS (republishing eixos) · published 2026-09-29 · retrieved 2026-10-08
  6. Gas release pode atrasar projeto do gasoduto de SEAP, diz Petrobraseixos · published 2026-07-30 · retrieved 2026-10-08
  7. R$ 60 bilhões, duas plataformas e 32 poços: megaprojeto da Petrobras avança em Sergipe, mas gasoduto bilionário fica em esperaClick Petróleo e Gás · published 2026-10-03 · retrieved 2026-10-08

Position on our globe: 11.00°S 36.30°W. Location approximate: Sergipe-Alagoas basin, offshore northeastern Brazil (off Sergipe state); exact block coordinates not published in sources checked.

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