Petrobras Awards Subsea7 $1.25bn+ Contract for Santos Basin Sépia 2 Field
Petrobras has awarded Subsea7 a supermajor contract exceeding $1.25bn for the Sépia 2 field in Brazil’s Santos Basin, covering SURF engineering, procurement, fabrication, installation and pre-commissioning for 17 wells and one gas export line. Offshore operations commence in 2029 following immediate project engineering across Rio, Paris and Sutton offices.
1. Contract Award Details
Petrobras awarded Subsea7 a supermajor contract valued at over $1.25bn for the Sépia 2 development in the Santos Basin, located 280km southeast of Rio de Janeiro in water depths of 2,170m.
2. Project Scope and Timeline
The agreement covers engineering, procurement, fabrication, installation and pre-commissioning of subsea umbilicals, risers and flowlines for 17 wells—including two from Sépia 1—and one gas export line, with engineering starting immediately and offshore operations slated for 2029.
3. Strategic Impact
This award underscores Petrobras’s commitment to expanding its pre-salt resource base, enhances its long-term production capacity and reinforces its partnership with Subsea7, leveraging local and global engineering teams for predictable delivery.