Petrobras PBR, a Brazilian oil and gas company, has approved the final investment decision (“FID”) for the Sergipe Deepwater Project Module 2 (SEAP II). This marks a pivotal moment in the company’s ...

The SEAP II project targets high-quality light oil reserves in the Sergipe-Alagoas Basin, specifically in the Budião, Budião Northwest, and Budião Southeast fields. These deposits are located ...