Petrobras signed contracts with Dutch firm SBM Offshore to build and operate two floating production, storage, and offloading (FPSO) units.
The deal involves total investments exceeding R$ 60 billion.
This investment represents approximately $12 billion for the Sergipe Deepwater (SEAP) project in the Sergipe Alagoas Basin.
The project targets a new production frontier with estimated reserves exceeding 1 billion barrels of oil equivalent.
SBM Offshore will manage the units under a build, operate, and transfer (BOT) model for an initial 6.5-year period.
Petrobras also announced a 9.6% reduction in diesel prices to lower consumer costs.
The company simultaneously cut jet fuel prices by 14.2%.