Qatar Energy announced that the partners in the Sibiya field project consortium have taken the final investment decision in the second development phase of the field, which is located in the pre-salt layers of the famously prolific Santos Basin off the coast of Brazil.
A company statement stated that the joint project is a partnership between Qatar Energy and Total Energies, Petronas, Petrogal Brazil, and Petrobras (the operator).
This final investment decision was the signing of a contract with Citrium O&G Americas Limited to build a floating platform for the production, storage and loading of oil in ultra-deep waters in the oil field with a production capacity of 225 thousand barrels of oil per day, and a processing capacity for the produced gas of 10 million cubic meters. Daily.
Signing a contract to build a floating platform for oil production and storage with a production capacity of 225 thousand barrels per day
Qatar Energy announces the final investment decision in the second development phase of the Brazilian Sepia field#Qatar_Energy #Qatar pic.twitter.com/gSO2gw6cKJ
— QatarEnergy (@qatarenergy) May 27, 2024
According to the statement, the signing of this contract is a milestone in the prospecting and exploration activities carried out by Qatar Energy in the Brazilian Sepia field.
This platform is expected to reduce the intensity of greenhouse gas emissions by 30% for each barrel of oil equivalent produced.
The floating platform for oil production, storage and loading will be built in shipyards in Brazil, China and Singapore, and will be the second platform in the northern part of the Sibiya field, in addition to the current “Carioca” platform.
In 2021, Qatar Energy, Total Energies and Malaysia’s Petronas won a production-sharing contract in the Sepia oil field in Brazil.
The “Sepia” field is located off the coast of Rio de Janeiro in the Santos Sedimentary Basin.
Production in the field began in August 2021 through a floating production, storage and offloading unit with a capacity of 180,000 barrels of oil per day.
