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Home The Brazilian oil giant Petrobras will invest more than BRL 80 billion in the Campos Basin: stage of the largest project to revitalize the offshore industry on the planet

The Brazilian oil giant Petrobras will invest more than BRL 80 billion in the Campos Basin: stage of the largest project to revitalize the offshore industry on the planet

5 May 2022 to 06: 55
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oil - offshore - field basin - platforms - decommissioning - revitalization of mature fields
Petrobras oil platform – Petrobras Image

Petrobras plans to install, by 2027, three new platforms and connect more than 100 oil wells, in its Campos Basin renovation plan.

Petrobras announced in a material fact to the market on May 3 that it will invest US$ 16 billion (more than R$ 80 billion at the current exchange rate) in the plan to renew the Campos Basin, with a forecast of installing three new platforms and interconnecting more 100 wells in the area over the next five years. With more than 40 years of history and two awards received by Offshore Technology Conference (OTC) for technological advances in the Marlim (1992) and Roncador (2001) fields, the Campos Basin maintains a prominent position as an innovation hub and points to the future: today it is the stage for the largest project to revitalize the world's offshore industry. This statement was made by the executive manager of Strategy at Petrobras, Eduardo Bordieri, who presented, this Tuesday (3/05), the company's main investments for the area, during the Offshore Technology Conference (OTC).
 
According to the report, in the coming years, Petrobras will adopt new technologies to revitalize mature assets in the area and decommission its oil platforms – which is the process of deactivating the units when they end their life cycle. “In 2021, the Campos Basin accounted for around 25% of Petrobras' total production. The company plans to reach, in 2026, a volume of 900 thousand barrels of oil equivalent (boe) in that basin, with the entry into production of three new systems. This volume represents about three times the production we would have achieved if we had not invested in new platforms. In other words: without the new projects, our future production in the basin would be 300 thousand boe”, explained Bordieri  

Three new oil platforms planned by 2026


Petrobras plans to install three new FPSO platforms (floating oil production, storage and transfer systems) in the region over the next few years. The FPSOs Anita Gabribaldi and Anna Neri will be installed in the Marlim field and together will have the capacity to produce up to 150 thousand barrels per day (bpd). The third planned unit is Maria Quitéria, in Jubarte, in the Parque das Baleias complex, in the Espírito Santo portion of the Campos Basin, with a capacity of 100 bpd.
 
The basin accumulates a series of expressive results. To get an idea, Petrobras set a national record in the construction time for a well in deep waters, reaching the 35-day mark in the Marlim field, in the Campos Basin. For comparison purposes, the previous record in the country was 44 days, broken in 2021 at the Golfinho field, in the Espírito Santo Basin. In Marlim, the historical average over the last 20 years in the construction of wells was 93 days, indicating a 63% reduction in this period. “This performance demonstrates our economic resilience in well design, in addition to our technological advancement in new well models, faster and more optimized than conventional wells,” said Bordieri.
 
According to its 2022-2026 Strategic Plan, Petrobras has the ambition to add a volume of 20 billion boe to its reserves by 2030, with 5 billion boe coming from assets operated by Petrobras in the Campos Basin. This projection is the focus of the strategic program called RES-20, totally focused on expanding the company's reserves.

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