Brazil Becomes Key Piece in BW Energy's Plans: See the New Investment in Oil

Brazil Becomes Key Piece in BW Energy’s Plans: See the New Investment in Oil

Written by Carla Teles

Published on 05/05/2025 at 13:34

A BW Energy vai investir pesado no Brasil pra tirar mais petróleo do fundo do mar. A meta deles é dobrar a produção até 2028 usando tecnologia moderna e um navio-plataforma gigante.

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Maromba Project In The Campos Basin Receives Green Light And Could Double Company Production By 2028

BW Energy has just approved an estimated investment of US$ 1.5 billion to develop the Maromba field, located in the Campos Basin. With operations set to begin by the end of 2027, the project could lead the company to double its total oil production by 2028, according to an official statement from the company.

Development In Brazil Boosts Global Oil Production

The final investment decision (FID) announcement by BW Energy marks a strategic advancement for the offshore oil sector in Brazil. The Norwegian company, which already operates in fields such as Golfinho, plans to explore 123 million barrels of 2P (probable and proven) reserves in the Maromba field, according to Offshore Energy. The estimate is that the total in situ volume will exceed 500 million barrels.

Cutting-Edge Infrastructure And Focus On Low-Cost Oil

The project structure includes six horizontal wells connected to a wellhead platform (WHP) adapted from a jack-up rig. This unit will be interconnected to the FPSO BW Maromba, formerly the FPSO Polvo, which is undergoing refurbishment in China. The unit will have the capacity to process 65,000 barrels of oil per day and handle 85,000 barrels of water. According to an official statement on GlobeNewswire, the vessel will be able to store up to 1 million barrels.

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Low Operational Cost And High Return Expectation

One of the attractive aspects of the project is its competitive production cost. BW Energy estimates that the first five years will operate with costs below US$ 10 per barrel, even considering the current volatility in oil prices. The projected internal rate of return exceeds 30%, based on an average price of US$ 60 per barrel of Brent. Part of the financing will be made with its own cash, operational cash flow, and a US$ 250 million loan offered by the controlling shareholder BW Group.

Oil In Brazil Remains Strategic For International Operators

Since acquiring the Maromba field in 2019 for US$ 115 million, BW Energy has consolidated its presence in the country. The recent extension of the operating license for the Golfinho field until 2042 strengthens the company’s positioning in the Brazilian oil market. The company also highlighted that Magma Oil retains a 5% right over the Maromba field, to be exercised after the start of production.

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Brazil Becomes Key Piece in BW Energy’s Plans: See the New Investment in Oil

Maromba Project In The Campos Basin Receives Green Light And Could Double Company Production By 2028

Development In Brazil Boosts Global Oil Production

Cutting-Edge Infrastructure And Focus On Low-Cost Oil

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Low Operational Cost And High Return Expectation

Oil In Brazil Remains Strategic For International Operators

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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Brazil Becomes Key Piece in BW Energy’s Plans: See the New Investment in Oil

Maromba Project In The Campos Basin Receives Green Light And Could Double Company Production By 2028

Development In Brazil Boosts Global Oil Production

Cutting-Edge Infrastructure And Focus On Low-Cost Oil

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Low Operational Cost And High Return Expectation

Oil In Brazil Remains Strategic For International Operators

With 11,000 tons and sensors capable of hunting submarines at long distances, the Type 055 has become one of the most feared floating arsenals of the Chinese navy.

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Offshore industrial demand in Macaé skyrockets with the recovery of oil and gas and could grow by up to 396% by 2026 in the Campos Basin.

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Alone, the producer applies 7,400 hectares with the T100 drone in an optimized structure, replaces the generator with a silent battery, and demonstrates how technology reduces costs, increases productivity, and even challenges the uniport in the field.