Project Profile
Location: 250 kilometres off the coast of Rio de Janeiro, Brazil
Reserves: 130 million barrels of oil equivalent (mmboe)
Water Depth: 2,165 metres
Start-up Year: 2019
The Sépia Leste Field is located approximately 250 kilometres off the coast of Rio de Janeiro state at a water depth of 2,165 metres. The total estimated recoverable volume of the Sépia East field is 130 million barrels of oil equivalent (mmboe). The BM-S-24 consortium and Petrobras (Sépia field’s operator) are discussing the unitization of the deposit comprising the Sépia and Sépia Leste fields by means of a Production Individualization Agreement (PIA). The unitization process consists of enabling, through a single project, the development and production of a single deposit which encompasses concession areas belonging to more than one concessionaire. If the area is considered as a single deposit, the production of the Sépia Leste field will be handled by the same system used in the Sépia field, whose operational start-up is scheduled for 2019. The BM-S-24 consortium will have until February 2016 to conclude the appraisal of the discovery of the remaining area comprising the Júpiter PAD.
Operators:
Petrobras: operator with 80% interest
Petrogal Brasil S.A.: 20% interest
Contractors:
MODEC: Responsible for the engineering, procurement, construction, mobilization, installation and operation of the FPSO
Subcontractors: