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Petrobras Hits Record Oil Production at Búzios Field in July
Petrobras reported on Wednesday that its four FPSOs installed in the field – P-74, P-75, P-76, and P-77 – achieved new monthly production records in July of this year, 2020. According to the oil company, the Búzios field produced 615,000 barrels of oil per day (bpd) and 765,000 barrels of oil equivalent per day (boed).
See Also
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Similarly, to recall, Petrobras’ previous daily record was 664,000 bpd and 822,000 boed, reached on June 27, 2020. It is worth noting that a fifth FPSO is expected to start production in the second half of 2022 and will remain chartered to Petrobras for 21 years.
In summary, the FPSO, named Almirante Barroso, will have an oil processing capacity of 150,000 barrels per day and a gas processing capacity of 212 million cubic feet per day. The vessel’s oil storage capacity will be 1,400,000 barrels.
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Three More FPSOs from Búzios to Come This Year from Petrobras
Furthermore, at the end of July, Petrobras approved the start of a bidding process to build three new FPSOs for Búzios. These units are part of an asset development plan aimed at installing a total of twelve units by the end of the decade. At the end of the development phase, the Búzios field is expected to produce more than 2 boed, becoming Petrobras’ largest production asset.
Similarly, the first of the three new units will be the Almirante Tamandaré, which is scheduled to start production in the second half of 2024. The FPSO will be chartered with a daily processing capacity of 225,000 barrels of oil and 12 million cubic meters of gas.
Finally, with this capacity, the FPSO Almirante Tamandaré will be the largest oil production unit in operation in Brazil.
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