Petrobras Presents Development Plan For Búzios Field: Investment Expects $97 Billion For Increased Number Of Wells In Production Units

Through The Approval Of ANP, Petrobras Plans To Invest Billions In Increasing The Number And Expansion Of Wells In Búzios

Last week, Petrobras received approval from the National Petroleum Agency (ANP) for the revision of the shared field development plan, which is located between the Búzios and Tambuatá fields in the pre-salt layer of the Santos Basin. The updated version of the plan foresees a nominal investment (total investment, not accounting for expenses with fees, income tax, or inflation) of US$ 97 billion, considering the installation of 12 production units and an increase in the number of wells drilled to 208, of which 88 are injectors and 120 are producers.

The Development Plan Is in Full Swing, Petrobras Directs Investments to The Búzios and Tambuatá Fields

The Tambuatá field was awarded in Round Zero, but a large part of its area was returned by Petrobras.

The oil company retained only an area equivalent to 23 kilometers, which corresponds to the extension of the Búzios field to this area, determined from well 3-BRSA-944ª-RJS.

The production of oil and natural gas from the shared field between the fields is under the concession contract of Tambuatá, and the onerous assignment and production sharing contract of Búzios.

Of the 12 production units planned for Búzios, four are already in the execution process, namely units P-74, P-75, P-76, and P-77.

According to the development plan proposed by Petrobras, the exportation of 75% to 80% of all possible gas to the continent is still anticipated.

The agency requested that the oil company conduct economic and technical studies on the current state of technologies for gas utilization, such as gas-to-wire and gas-to-liquid, aiming to increase the percentage of gas exportation.

ANP also allowed the contractual extension of the production phase of Tambuatá until March 30, 2055.

FPSO Almirante Barroso Is One Of The Most Important Projects For Petrobras

According to production studies and forecasts, the platform was designed to produce around 575,000 barrels of oil daily, thus becoming responsible for 33% of Petrobras’ oil production in 2026.

Soichi Ide, president and CEO of Modec in Singapore, stated that, “The FPSO Almirante Barroso MV32 is one of the most important projects for Petrobras, Modec, and many of our partners and stakeholders. It will be the first FPSO of the Búzios field to be delivered and operated by a contractor. As one of the highest production vessels in our fleet, the MV32 represents a significant milestone in our commercial presence in Brazil.”

Its operation is expected to begin in April, being the fifth platform tendered by Petrobras’ development project.