Petrobras is the leader in FPSO operations in the world and is the company that will install the largest number of platforms of this type over the next five years; units will be installed in the pre-salt and post-salt

Petrobras informed the Market in a material fact that the recent oil discoveries in the pre-salt, in the areas of Alto de Cabo Frio Central and Aram, open up a horizon of new exploratory opportunities for Brazil. The discoveries are the result of intensified exploratory efforts by the Brazilian oil company, which has scheduled to invest US$ 5,5 billion in this segment over the next five years. This statement was made by the executive manager of Strategy at Petrobras, Eduardo Bordieri, who presented the panel “Petrobras perspectives on O&G double resilience” during the Annual Breakfast Offshore of the Brazil-Texas Chamber of Commerce (Bratecc), on 4/05, an event parallel to the Offshore Technology Conference (OTC) in Houston (USA).

Of the total investments scheduled by Petrobras' Strategic Plan in new exploratory frontiers, the Southeast Basins (including the pre-salt prospects) will receive 58% of the resources; the Equatorial Margin, 38%, and the other areas, 2%. “All Petrobras investments seek double resilience: both economic (considering projects that are viable from a financial point of view with the price of Brent at US$ 35 in the long term) and environmental (projects with low carbon emissions)”, summarized Bordieri.

Brazilian state-owned company has already put into operation a total of 32 FPSO`s - a record in the oil industry

Petrobras will put 15 FPSO (floating oil production, storage and transfer) platforms into production over the next five years. Of this total, ten will be installed in the pre-salt layer and five in the post-salt layer. According to Bordieri, the company has already put into operation a total of 32 FPSOs throughout its most recent history, a record in the oil industry. “Today, Petrobras is the leader in the operation of FPSOs in the world and is the company that will install the largest number of platforms of this type in the next five years, generating value for our stakeholders”, said Bordieri.

Another highlight of the lecture was the expressive reduction in the construction time of pre-salt wells, with the maintenance of operational safety. Between 2018 and 2021, the company reduced this period from 100 days to less than 70 days, on average. Petrobras' projection is to intensify these efforts and achieve, by 2024, a 14% reduction in this period - with the contribution of its drilling and completion efficiency program, in addition to the use of new, faster and more optimized well configuration models. 

“Any reduction in well construction time is synonymous with preserving operational safety, reducing costs associated with value creation. To give you an idea, well activity accounts for around 30% of investments in the Exploration and Production area. Therefore, we seek the best results in this activity, preserving safety and optimizing the configuration of wells, as quickly and efficiently as possible, always in accordance with the best safety practices in the industry”, he concludes.