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28 New FPSOs Will Be Installed Between 2021 and 2030, Estimates Pré-Sal Petróleo SA

Written by Flavia Marinho
Published on 25/11/2019 at 10:38
Updated on 09/02/2020 at 17:13
28 novos novos FPSOs Pré-Sal Petróleo SA
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By 2032, Brazilian Oil Production May Reach 3.89 Million Barrels Per Day And Revenue May Reach R$ 1 Trillion.

According to Pré-Sal Petróleo SA (PPSA), 28 new FPSOs will be installed from 2021 to 2030 to meet the development of the contracted reserves under the production sharing model. Revenue may reach R$ 1 trillion by 2032. Jobs Ahead! Equinor Foresees More Than 1,200 Workers Active in the Campos Basin Starting in 2020.

Between 2013 and 2019, 17 exploration and production contracts were signed when the surpluses from onerous assignment were auctioned, and the 6th round of pre-salt production sharing occurred. The report will be presented by the PPSA this Monday, November 25, at the 2nd Technical Forum of Pré-Sal Petróleo, in Rio de Janeiro.

According to the state-owned company, the installation of these 28 FPSOs and other necessary investments for exploration and development of the areas is expected to generate R$ 560 billion, of which R$ 196 billion relates to the production units; R$ 196 billion is estimated for drilling 474 wells; and R$ 168 billion for subsea systems.

This year, Petrobras contracted 90% of the Búzios surpluses, 100% in the case of Atapu, and 80% of the Aram block in the 6th round. The production sharing investments will be made by various companies, including Equinor, ExxonMobil, BP, and Shell as operators.

In 2013, the first round contracted the Libra block, defining the Mero field, where Petrobras and its partners are producing with an FPSO in testing phase, the Pioneiro de Libra (Ocyan/Teekay) and have two contracts with Modec (FPSO Guanabara) and SBM (FPSO Sepetiba).

Another prosperous program is Búzios, where Petrobras has already installed four units in the Búzios field and has one more (Búzios 5) contracted with Modec. In total, the field can accommodate up to ten FPSOs.

The Norwegian company Equinor is progressing with the Carcará project, which began with the exploration of BM-S-8. The oil company will soon complete the hiring of the FEED for Carcará 1, which will be the largest FPSO in the country, with a capacity to process 220,000 barrels per day of oil and 15 million m³/day of natural gas and is expected to start operations in July 2024.

With the new investments, Brazilian oil production may reach 3.89 million barrels per day by 2032, only in fields contracted under the production sharing model. The Union is entitled to a share of the production result (profit oil), as well as royalties and taxes.

PPSA estimates a revenue of R$ 1 trillion by 2032, with US$ 424 billion from oil sales (42%), R$ 227 billion in taxes (35%), and R$ 349 billion in royalties (23%).

The calculations considered an exchange rate of US$ 4 and the reference price for a barrel of oil at US$ 60. The Union’s share of the oil alone is expected to generate revenue of R$ 102 billion in 2031.

The study also covers depreciation rates (10%) and the profit oil rate. For the well calculations, one producing well was considered for every 20,000 barrels of FPSO capacity.

In addition to utilizing FPSOs with production capacities between 50,000 and 220,000 barrels/day, depending on the size of the installed project. And an exchange rate of R$ 4.00/US$.

by epbr

Flavia Marinho

Flavia Marinho é Engenheira pós-graduada, com vasta experiência na indústria de construção naval onshore e offshore. Nos últimos anos, tem se dedicado a escrever artigos para sites de notícias nas áreas militar, segurança, indústria, petróleo e gás, energia, construção naval, geopolítica, empregos e cursos. Entre em contato com flaviacamil@gmail.com ou WhatsApp +55 21 973996379 para correções, sugestão de pauta, divulgação de vagas de emprego ou proposta de publicidade em nosso portal.

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