Norway’s Equinor ASA is set to develop a massive natural gas project offshore Brazil.

The company submitted a declaration of commerciality for the BM-C-33 concession in Brazil’s Campos Basin to oil and gas regulator Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP).

The $9 billion Raia Manta and Raia Pintada projects on the deepwater concession are expected to be natural gas-rich additions to Brazil’s energy mix once they are up and running in 2028.

“The developments have the potential to meet 15% of the total Brazilian gas demand when in production,” said Veronica Coelho, Equinor’s country manager in Brazil. “This will contribute to Brazil’s energy security and economic development, enabling significant new job opportunities at local...