www.oilgastechnology.com
19
'24
Written on Modified on
Petrobras News
PETROBRAS: BÚZIOS FIELD HAS HIT 1 BILLION BARRELS OF OIL PRODUCED SINCE IT BEGAN OPERATING
Teamwork, innovation, and state-of-the-art technology have enabled this feat to be achieved in the world's largest ultra-deepwater field.
FPSO P-74 operating in the Búzios field
In a consortium with CNOOC, CNODC, and PPSA, Petrobras has reached a new milestone: the Búzios field has reached 1 billion barrels of oil (bbl) produced. The milestone was reached on March 31, adding up the production of the five operating units in the world's largest ultra-deepwater field, the FPSOs P-74, P-75, P-76, P-77, and Almirante Barroso.
Looking straight forward, the numbers are likely to grow even more. With new production systems to be installed over the next few years, the field's capacity will rise to around 2 million barrels of oil per day by 2030.
In June last year, Búzios had already recorded accumulated production of 1 billion barrels of oil equivalent - which considers oil in barrels plus gas production converted to barrels of oil equivalent (boe).
Positive results
Located 180 km off the coast, the Búzios field began operating in 2018 and has collected positive results, as well as the most productive wells in the country, at a depth of more than 2,000 meters. The thickness of its reservoir is the same as Sugar Loaf Mountain - and its extension is more than double that of Guanabara Bay.
In 2020, Petrobras won the OTC (Offshore Technology Conference) Award for developing technologies to make production in Búzios viable. The state-of-the-art solutions have increased the field's efficiency, boosted production, and consistently reduced costs.
In a consortium with CNOOC, CNODC, and PPSA, Petrobras has reached a new milestone: the Búzios field has reached 1 billion barrels of oil (bbl) produced. The milestone was reached on March 31, adding up the production of the five operating units in the world's largest ultra-deepwater field, the FPSOs P-74, P-75, P-76, P-77, and Almirante Barroso.
Looking straight forward, the numbers are likely to grow even more. With new production systems to be installed over the next few years, the field's capacity will rise to around 2 million barrels of oil per day by 2030.
In June last year, Búzios had already recorded accumulated production of 1 billion barrels of oil equivalent - which considers oil in barrels plus gas production converted to barrels of oil equivalent (boe).
Positive results
Located 180 km off the coast, the Búzios field began operating in 2018 and has collected positive results, as well as the most productive wells in the country, at a depth of more than 2,000 meters. The thickness of its reservoir is the same as Sugar Loaf Mountain - and its extension is more than double that of Guanabara Bay.
In 2020, Petrobras won the OTC (Offshore Technology Conference) Award for developing technologies to make production in Búzios viable. The state-of-the-art solutions have increased the field's efficiency, boosted production, and consistently reduced costs.
www.petrobras.com
