Petrobras Hits Historic Oil Production Mark at Tupi Field, Located in the Pre-Salt of the Santos Basin

Written by Kelly

Published on 28/09/2020 at 14:51

Vista aérea de FPSO em alto mar/Imagem: Divulgação

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The Brand Occurs in the Same Year That Celebrates 20 Years Since the Signing of the Concession Contract for the Pre-Salt Block BM-S-11, Where the Petrobras Asset Is Located

In a statement released this Monday (28), Petrobras announced it has reached a cumulative production of 2 billion barrels of oil equivalent (boe) in July this year, in the Tupi field, located in the pre-salt of the Santos Basin. The state-owned company operates the asset with a 65% stake, in partnership with Shell Brasil Petróleo Ltda (25%) and Petrogal Brasil S.A. (10%).

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Previously known as the Lula field, Tupi had its name changed by court decision on July 7, 2020, in a popular action, which determined the annulment of the area’s designation as the Lula field.

The concession began production of its first definitive system in 2010, with the operation of the FPSO Cidade de Angra do Reis, and is currently the largest oil and gas producing field in the country.

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According to Petrobras, this record occurs in the same year that marks 20 years since the signing of the concession contract for block BM-S-11, where the asset is located, 230 km off the coast of the state of Rio de Janeiro.

Petrobras also highlighted the development of technologies and innovations that have allowed for oil production in the pre-salt fields, such as Tupi, emphasizing its partnership with research institutions and partner companies and suppliers.

The state-owned company also stated that it seeks to develop projects and techniques, together with its partners in block BM-S-11, aiming to revitalize the field even before the start of its decline, with the objective of increasing the oil and gas recovery factor of the asset, allowing value creation through enhanced operational efficiency.

Petrobras Hits Historic Oil Production Mark at Tupi Field, Located in the Pre-Salt of the Santos Basin

The Brand Occurs in the Same Year That Celebrates 20 Years Since the Signing of the Concession Contract for the Pre-Salt Block BM-S-11, Where the Petrobras Asset Is Located

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