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Petrobras Completes 10 Years of Production in the Pre-Salt and Will Have 13 More Platforms by 2022

Written by Paulo Nogueira
Published on 03/09/2018 at 18:47
petrobras 10 anos de pré-sal
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The State Company Says That R$ 35 Billion Will Be Invested By 2022, With New Units And Construction Of Production Wells

Petrobras is celebrating the first ten years of production in the Brazilian pre-salt, filled with encouraging numbers. On this Monday (3), the company released an overview of its operations in the area. The state company reached an unprecedented mark of 1.5 million barrels of oil per day (bpd) – more than the United Kingdom or Oman, in the Middle East, each with an average production of 1 million bpd in 2017. Today, the pre-salt has 21 platforms in operation, but the company intends to increase this number with 13 platforms that should start operating by 2022. The investments planned by the company for the period total US$ 35 billion.

Petrobras also announced that the optimization of operational costs and the acceleration of production has resulted in an average extraction cost below US$ 7 per barrel of oil equivalent. “In the oil industry, accelerating project production is synonymous with anticipating the recovery of the capital employed, which is crucial for cash generation and the recovery of Petrobras’ financial health,” declared the oil company.

The company also celebrates the reduction in drilling time and the construction of wells. According to Petrobras, the average time taken to construct an offshore well in the pre-salt of the Santos Basin was, in 2010, approximately 300 days. By 2017, this time had already been shortened to about 100 days, making the well construction three times faster.

Currently, the accumulated production of the pre-salt has already reached 2 billion barrels of oil equivalent (boe). Today, the National Agency of Petroleum announced that the total production of the pre-salt in July (accounting for all operators) was 1.821 million boe/d, an increase of 3.3% compared to the previous month, corresponding to 55.1% of the total produced in Brazil. Authorial text from Petronotícias




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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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