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The announcement was made on Tuesday, August 13, when the state company completes 42 years of production in the Campos Basin
This Tuesday, August 13, Petrobras announced an investment of US$ 21 billion over the next five years in the Campos Basin. The announcement comes at a time when oil production in the region completes 42 years and brings expectations of economic recovery to the North of Fluminense. According to the company's president, Roberto Castello Branco, the state-owned company should invest R$ 16 billion in Rio de Janeiro, in projects such as a new oil production platform on the South Coast
We are going to invest US$ 21 billion in the revitalization of the Campos Basin. Our great source of growth will be the pre-salt layer. The dominance of 98% of the refining market resulted in a very poor performance. Each barrel of oil produced generates US$ 33,50 in cash, while each barrel of refined oil generates US$ 6,” said Castello Branco, in response when questioned by senators from the Infrastructure Commission (CI) during a hearing, this Tuesday, 13, detailing that the company will be “more and more” an oil and gas exploration company in deep waters.
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According to the oil company, the investment of US$ 21 billion in the Campos Basin will be made in 70 complementary development projects and in the revitalization of the Marlim field, located in Macaé.
For this, Petrobras has been establishing partnerships to increase the recovery factor, using techniques and equipment designed to reduce the decline in production.
Capable of producing 1 million barrels of oil and gas per day, the Campos Basin continues to play an “important role”, said the state-owned company, even after almost four decades of activities. According to Petrobras, investments were made for the implementation of the FPSO Campos dos Goytacazes, the definitive production system in the Tartaruga Verde Field, which is growing.
Investments will continue with the revitalization of the Marlim and Albacora fields, complementary projects and production maintenance. A state it also announced that it had acquired new exploratory areas and made new discoveries in the Campos Basin pre-salt layer.
42 years ago, Petrobras produced the first oil from Enchova, through well 3-EN-1-RJS, starting commercial production in the Campos Basin. According to the state-owned company, the mark of more than 1 billion boe produced by fields at the site was essential to reach an accumulated production of 13,6 billion boe in the Campos Basin.
There are more than 20 interested parties in the first 4 Petrobras refineries, says Castello Branco
Below is a chart released by Petrobras, which shows the revitalization of the Campos Basin:
