Petrobras Expects Búzios Field Production to Reach Up to 2 Million Barrels of Oil per Day by the End of 2020

Written by Valdemar Medeiros

Published on 19/11/2020 at 11:56

Campo de búzios -Petrobras

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Petrobras Forecasts Búzios Field Production of Up to 2 Million Barrels of Oil Per Day by End of 2020

Currently, the amount of oil produced in Petrobras’ large Búzios field is 600 thousand barrels. The forecast was presented by the state company’s executive manager Marcio Kahn during the Pre-Salt Oil Technical Forum (PPSA). In the coming years, the area is expected to receive eight more drilling units, totaling 12 production units by 2030.

Búzios Field of Petrobras: Oil Production

Today, Petrobras’ Búzios has four FPSOs (P-74, P-75, P-76, and P-77). The next units, P-78 and P-79, are expected to begin operations in the field in 2025. The vessels will be part of the company’s so-called new generation of high-capacity FPSOs, each producing 180 thousand barrels of oil per day.

The executive manager of Libra, Mariana Cavassin, also participated in the event and presented the HISEP Submarine technology (high-pressure separation). The innovation could assist Petrobras’ Búzios field and is expected to start operating in the Mero 3 field in 2024 and is currently in testing phase.

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The Technology Can Help Increase Oil Production from Petrobras’ Búzios Field

The HISEP will be used to accelerate production in the Mero field and increase the recovery factor by separating and re-injecting underwater gas with high CO2 content produced along with the oil. According to Mariana, the technology helps mitigate environmental impacts, as CO2 is reinjected into the reservoir from the seabed.

Finally, the manager advocated for extending the production sharing contract for Mero for a maximum of 35 years. According to her, this extension, similar to the concession model, would reduce uncertainties for the development of Petrobras’ production and increase the sector’s attractiveness.

Petrobras Expects Búzios Field Production to Reach Up to 2 Million Barrels of Oil per Day by the End of 2020

Petrobras Forecasts Búzios Field Production of Up to 2 Million Barrels of Oil Per Day by End of 2020

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