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The Roncador Field Is Where Petrobras Partnered With Equinor to Learn Techniques That Increased Production by 20,000 Barrels Per Day

Written by Bruno Teles
Published on 24/06/2025 at 13:56
Updated on 24/06/2025 at 14:04
O Campo de Roncador: A Parceria Bilionária que Ressuscitou um Gigante da Petrobras
O Campo de Roncador: A Parceria Bilionária que Ressuscitou um Gigante da Petrobras
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In A Strategic Alliance With The Norwegian Equinor, Petrobras Is Applying New Technologies In The Roncador Field That Have Already Increased Production And Promise To Give New Life To The Giant Of The Campos Basin.

In The Campos Basin, An Asleep Giant Is Being Awakened. The Roncador Field, Which Was Once The Largest Offshore Oil Discovery In Brazil In The 1990s, Has Entered A New Phase Of Life Thanks To A Strategic Partnership Between Petrobras And The Norwegian Giant Equinor.

The Project, Which Functions As A “School Field”, Combines Brazilian Experience In Deep Waters With Norwegian Technology For Oil Recovery. The Result Is Already A Success: Production Increased By 20,000 Barrels Per Day And New Billion-Dollar Investments Ensure The Future Of The Field, Which Has Become A Global Model For Revitalization.

The Scenario Of The Roncador Field Before The Partnership

Discovered In 1996, The Roncador Field Was A Milestone For The Brazilian Oil Industry. With An Original Estimated Volume Of 10 Billion Barrels, It Was A World-Class Asset. However, After Nearly Two Decades Of Production, The Field Entered Its Natural Decline Cycle.

In 2017, Petrobras, Focused On The New And Super-Productive Pre-Salt Fields, Was Looking For A Partner With Two Things: Capital To Invest And Cutting-Edge Technology In Advanced Oil Recovery (IOR). At The Same Time, The Norwegian Equinor, A World Leader In This Technology, Wanted To Expand Its Presence In Brazil. The Need Of One Found The Opportunity Of The Other.

The Agreement Of US$ 2.9 Billion In 2018

The Roncador Field, Where Petrobras Partnered With Equinor To Learn Techniques That Increased Production By 20,000 Barrels/Day

The Partnership Was Sealed In June 2018. Equinor Acquired A 25% Stake In The Roncador Field For A Total Value Of Up To US$ 2.9 Billion. But The Smartest Detail Of The Agreement Was The Payment Method.

In Addition To An Initial Amount, Equinor Committed To Pay Up To US$ 550 Million Contingently. This Money, However, Would Not Go Directly To Petrobras’ Cash; It Would Be Directly Reinvested In Projects To Increase The Field’s Production. In Practice, Equinor Paid For Its Own Technology To Be Applied, Creating A True “School Field” To Test And Validate Its Techniques In The Campos Basin.

Immediate Success: The Increase Of 20,000 Barrels Per Day

The Partnership Delivered Results Faster Than Expected. In April 2022, With The Start Of Operation Of Just Two New Wells, The Production Of The Roncador Field Increased By 20,000 Barrels Of Oil Per Day.

The Efficiency Of The Alliance Was Remarkable. The Project Was Delivered Nearly Five Months Ahead Of Schedule And With A 50% Reduction In Planned Costs. The Initial Success Proved That The Combination Of Norwegian Expertise In Recovery With Petrobras’ Operational Excellence In Deep Waters Was A Winning Formula.

Accelerating In 2025: The New Phase Of Billion-Dollar Investments

The Roncador Field, Where Petrobras Partnered With Equinor To Learn Techniques That Increased Production By 20,000 Barrels/Day

The Success Of The Pilot Phase Gave Confidence To The Companies To Accelerate Investments. What Was A Test Became A Large-Scale Industrial Operation. In 2024, The Partnership Announced A New Wave Of Contracts To Expand Revitalization.

Among Them, A Contract Of Approximately US$ 1 Billion For Two New Drilling Rigs, Which Will Start Operations In The Second Half Of 2025. These New Investments Demonstrate A Long-Term Commitment To The Roncador Field And Signal A New Massive Drilling Campaign For The Coming Years.

What The Roncador Partnership Teaches The Oil Sector

The Revitalization Project Of The Roncador Field Has Become A Global Reference. It Shows That It Is Possible To Give New Life To Mature Fields In A Profitable And Sustainable Way. The Long-Term Goal Of The Partnership Is To Unlock More Than 1 Billion Barrels Of Oil That Would Otherwise Remain In The Ground.

With The New Investments, The Productive Life Of The Field, Which Was To End Soon, Has Been Extended Until At Least 2052. The Alliance Has Not Only Saved A Giant From Decline But Transformed It Into A Pillar Of Value Generation For The Coming Decades, Proving That With The Right Technology And Partnership, The Story Of An Oil Field Can Be Rewritten.

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Bruno Teles

Falo sobre tecnologia, inovação, petróleo e gás. Atualizo diariamente sobre oportunidades no mercado brasileiro. Com mais de 7.000 artigos publicados nos sites CPG, Naval Porto Estaleiro, Mineração Brasil e Obras Construção Civil. Sugestão de pauta? Manda no brunotelesredator@gmail.com

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