In 2032, Brazilian oil production could reach 3,89 million barrels per day and revenue could reach R$ 1 trillion.
According to Pré-Sal Petróleo SA (PPSA), 28 new FPSOs will be installed between 2021 and 2030, to support the development of reserves contracted under the production sharing model. Collection can reach BRL 1 trillion by 2032. I use the view! Equinor predicts for the beginning of 2020, more than 1200 workers in activity in the Campos Basin.
- Búzios and Itapu oil fields should generate 50 new jobs
- Shell makes pre-salt discovery in the Santos Basin
- At least five shipyards will build the next FPSOs in the Libra and Santos Basin pre-salt areas
Between 2013 and 2019, 17 exploration and production contracts were signed, when the surpluses from the transfer of rights were auctioned and the 6th pre-salt sharing round took place. The opinion will be presented by PPSA this Monday, November 25, at the 2nd Pre-Salt Oil Technical Forum, in Rio de Janeiro.
According to the state-owned company, the installation of these 28 FPSOs and other investments necessary for the exploration and development of the areas is capable of moving R$ 560 billion, of which R$ 196 billion are related to the production units; R$ 196 billion are estimated for drilling 474 wells; and BRL 168 billion for subsea systems.
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This year, Petrobras contracted 90% of the excess in Búzios, 100% in the case of Atapu and 80% of the Aram block, in the 6th round – investments in sharing production will be made by several companies, with Equinor, ExxonMobil, BP and Shell as operators.
In 2013, the first round contracted the Libra block, delimiting the Mero field, where Petrobras and its partners produce with an FPSO in the test phase, the Pioneiro de Libra (Ocyan/Teekay) and has two contractors with Modec (FPSO Guanabara) and SBM (FPSO Sepetiba).
Another prosperous program is that of Búzios, where Petrobras has already installed four of its own units in the Búzios field and has one more (Búzios 5) already contracted with Modec. In all, the field can receive up to ten FPSOs.
The Norwegian Equinor evolves with the Carcará project, which began with the exploration of the BM-S-8. The oil company will soon complete the contracting of FEED for Carcará 1, which will be the largest FPSO in the country, with capacity to process 220 barrels per day of oil and 15 million m³/day of natural gas and should start operating in July 2024 .
With the new investments, Brazilian oil production could reach 3,89 million barrels per day in 2032, just in fields contracted for production sharing. The Union is entitled to a portion of the production result (oil profit), in addition to royalties and taxes.
- Macaé Port Terminal receives prior license and will generate about 18 new jobs
- Petrobras will start drilling the first phase I wells at Campo de Mero
- Bolsonaro creates NAV Brasil, the first state-owned company of his government
It is estimated by PPSA, a collection of R$ 1 trillion until 2032, of which US$ 424 billion from the sale of oil (42%), R$ 227 billion in taxes (35%) and R$ 349 billion in royalties (23 %).
The calculations took into account an exchange rate of US$ 4 and the reference price of a barrel of oil at US$ 60. The Union's share in oil alone should generate revenue of R$ 102 billion in 2031.
The study also covers depreciation rate (10%) and profit oil rate. For the calculation of wells, one producing well was considered for every 20.000 barrels of FPSO capacity.
In addition to the use of FPSOs with a production capacity between 50.000 and 220.000 barrels/day, depending on the size of the implemented project. And exchange rate of R$ 4,00/US$.
by epbr