Subsea7 announced the award of a supermajor contract (1) by Petrobras, following a competitive tender, for the development of the Sépia 2 field located approximately 280 kilometres southeast of Rio de Janeiro, Brazil, at a water depth of 2,170 metres in the pre-salt Santos Basin. Sépia 2 is one of the largest pre‑salt expansion phases, playing a central role in Brazil’s energy development.

The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of subsea umbilicals, risers and flowlines (SURF) for 17 wells, including two wells from Sépia 1 project, and one gas export line with 18 risers.

Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro, Paris and Sutton, with offshore operations scheduled to be executed from 2029.

Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West said:

“This award strengthens Subsea7’s portfolio of projects in Brazil and reinforces our established relationship with Petrobras in the pre-salt. Through strong local content, disciplined execution and close collaboration, we support projects of national importance with predictable delivery. We thank Petrobras for their continued trust and look forward to the successful delivery of the Sépia 2 project.”

(1) Subsea7 defines a supermajor contract as being over $1.25 billion

About Subsea7

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry.
Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.