Finance

Siemens Energy to supply power systems for SBM Offshore’s Brazil FPSOs

Siemens Energy has been selected by SBM Offshore to provide power generation and gas compression systems for two floating production vessels in Brazil, with deliveries targeted for late 2027 and 2028.

Author
Owen Mercer
Markets and Finance Editor
Published
Draft
Source: Yahoo Finance · original
SBM Offshore selects Siemens Energy for Brazil Sergipe-Alagoas FPSOs
Contract covers 16 modular units for Petrobras’ Sergipe-Alagoas developments

SBM Offshore has selected Siemens Energy to supply power generation and gas compression systems for Petrobras’ floating production, storage and offloading vessels (FPSOs) in Brazil’s Sergipe-Alagoas basin. The equipment will be installed on platforms P-81 and P-87, which serve the SEAP I and SEAP II developments. Once operational, the platforms are designed to produce up to 240,000 barrels of oil and process 22 million cubic metres of natural gas daily.

Siemens Energy will deliver 16 modular systems, with eight units allocated to each platform. The supply includes four gas turbine generators to produce electricity, three gas turbine-driven compressor trains for gas processing and export, and one electrically driven compressor for gas injection per FPSO. The systems are tailored for offshore conditions where reliability and space efficiency are essential.

The majority of the equipment will be assembled at Siemens Energy’s facility in Santa Bárbara d’Oeste, located in southeastern Brazil. This local assembly strategy is designed to meet national content requirements stipulated for the project. The site has an established track record in the offshore sector, having delivered more than 150 modular units for oil and gas projects since 2012.

The first consignment is scheduled for delivery to SBM Offshore by the end of 2027, with the remaining shipments to follow in 2028. Initial production is anticipated to commence in 2030, with gas exports expected to begin in 2031. Both FPSOs will be delivered and operated by SBM Offshore.

The vessels will connect to a dedicated gas export pipeline, intended to deliver gas from offshore sites to onshore facilities and the Brazilian market. The Sergipe-Alagoas project aims to reduce reliance on flaring and reinjection by channelling associated gas onshore. The Sergipe-Alagoas Deepwater basin is regarded as a major area for oil and natural gas output in Brazil.

Continue reading

More from Finance

Read next: US bank Erebor nears $1.5bn funding round at $8bn valuation
Read next: Fed’s Schmid urges tighter policy as US mortgage rates hit 6.69%
Read next: US stock futures flat as Iran tensions stall Hormuz deal hopes