Another Record – Búzios Field Surpasses 600,000 Barrels Per Day

Búzios Field Leased to Petrobras Surpasses 600,000 Barrels of Oil Equivalent per Day in January 2020

Located in the Santos Basin, the Búzios Field set a record by producing 601,700 barrels of oil equivalent per day (boed) in January this year, according to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

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For the first time in history, an asset exceeds the mark of 600,000 boed, having extracted 487,300 bopd and 18.2 million m³ of natural gas per day. The field is the second largest producer of oil and gas in Brazil, following only the Lula field.

Four FPSOs are operating in Búzios: P-74, P-75, P-76, and P-77, with the first of them starting two operations in April 2018. The field was leased to Petrobras by the federal government in 2010, and since then, the asset has been responsible for significant production.

At the end of last year, Petrobras also secured the excess volumes from the onerous concession in an auction held by the ANP.

Sapinhoá, Jubarte, and South of Lula are on the list of the five largest pre-salt producing fields, with production of 308,100 boed, 187,500 boed, and 74,600 boed, respectively.

In the coming years 2020-2024, Petrobras plans to invest US$ 18 billion in the development of Búzios, with the installation of eight more production units, including Búzios V (Admiral Barroso).

Great projects and many achievements are yet to come!