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Roberto Castello Branco Reported on the New Project in Búzios and on Petrobras’ Divestment Program
That the Búzios field, in the Santos Basin, has been a key player in the Brazilian oil exploration market is already known. This week, the field set a production record. Today, once again, it is in the spotlight! The second phase of the asset is expected for 2024, according to Roberto Castello Branco, president of Petrobras.
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Castello Branco reported that for the second phase, floating production units with higher production capacity will be used, exceeding those used in the first phase of the field. In numbers, the platforms used in the first phase had a production capacity of 150,000 barrels of oil per day. For the second phase, production units with a capacity of up to 225,000 barrels per day will be installed.
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“We are working on the development project for production [of phase 2]. We expect to start it in 2024,” said the president. “It is a larger prospect than phase 1, with a more substantial volume of reserves. It will require the use of more platforms, with greater capacity,” Castello Branco informed.
The president of Petrobras also addressed another important issue: the company’s divestments. According to him, the sale of assets aims at “the benefit of the company’s shareholders and Brazil.” He also stated, through a comparison, that the financial returns of a refinery “tend to be normally lower than exploration and production.”
Regarding refinery sales, the scenario imposed by the coronavirus has interrupted the process of visits by potential buyers, but the divestment program remains active. The sale of Rlam, in Bahia, has entered its final phase and the other deals have been postponed.
