Pre-Salt – Petrobras Advances In The Exploration Of The World’s Largest Field, The Búzios Field, In The Santos Basin

It Is Expected That, By 2030, The Búzios Field Will Produce 2 Million Barrels Of Oil Per Day

Petrobras approved last week the hiring of three new production units of the FPSO type (Floating Production Storage and Offloading – Floating Production, Storage, and Offloading Unit) to be used in the Búzios field, in the pre-salt layer, in the Santos Basin.

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The three new oil platforms will be the first contracted after the acquisition of excess volumes from the onerous assignment of the Búzios field in November 2019, in partnership with the Chinese companies CNOOC Petroleum Brasil Ltda. and CNODC Brasil Petróleo e Gás Ltda.

These contracts cost Petrobras R$ 61.4 billion. The company bets on selling assets that yield lower financial returns and that are not part of its main business, thus making more resources available for promising projects, such as the Búzios field.

Currently, Petrobras operates four units in Búzios, which are responsible for more than 20% of the company’s total production and over 30% of the pre-salt production. Production records have been achieved through these platforms.

Búzios, the largest deepwater oil field in the world, produces and has high-quality oil, substantial reserves, low risk, and low extraction costs. It is located 180 kilometers (km) from the Brazilian coast and over 5,000 meters in depth. It has an area of 850 km², with reservoir thicknesses of up to 480 meters and excellent reservoir rock quality. The more than 45 wells drilled so far confirm the excellent quality of the reservoir.