Offshore Activity

Pre Salt – World record with 1 billion barrels in 6 years

 

12/15/2016 | 09h03 TN Petroleo

Petrobras and partners celebrated, on Wednesday (14/12), a historical mark: the total of 1 billion barrels of oil produced in the pre-salt. This accumulated production occurs only six years after the entry of the first production system in the Santos Basin, in the Lula field, and ten years after the first discovery in 2006, and demonstrates the company’s technical and performance capacity.

This performance is unique in the world history of offshore oil production. Compared with other major oil fields in the world, in the American portion of the Gulf of Mexico, this level was reached 14 years after the beginning of commercial production and in the North Sea in eight years. In Brazil, this same level was only achieved in the Campos Basin after 15 years of commercial production.

To celebrate the result, Petrobras President Pedro Parente, Executive Director of Exploration and Production, Solange Guedes, and the Executive Director of Development of Technology and Production, Roberto Moro, embarked on the FPSO Cidade de Itaguaí, located in the area of Iracema Norte, in the pre-salt of the Santos Basin, to participate in the  commemoration. They honored some of the pioneers in the discovery and development of the pre-salt, in recognition of the contribution of the other thousands of contributors who made this outcome possible.

“We are experiencing a turning point and we have no doubt of our immense capacity for achievement. I am very moved by the greatness of what is happening here today, “said the company’s president, Pedro Parente.

“Solange Guedes, executive director of Exploration and Production, said:” Reaching 1 billion barrels in just six years in ultra-deep waters is a unique achievement.

Ten years after the first commercial discovery, the pre-salt has become one of the most competitive producing regions in the world. The area has average productivity above the world industry in offshore fields – reaching 25,000 barrels per day per well in some cases, productivity 30% higher than in 2010 – which leads to the need to interconnect fewer wells per production system .

Pre-salt oil production is very important for the company’s financial recovery. It is a large-scale production of high quality petroleum for refining and with an extraction cost of less than US $ 8 / barrel. Today, with the contribution of only 11 dedicated systems, nine in the Santos Basin and two in the Campos Basin, the pre-salt already represents almost 50% of the production operated by Petrobras and about 35% of the company’s own production. Between 2017 and 2021, 16 new large production systems will be put into operation in the pre-salt.

Representing the employees, the engineer Humberto Americano Romanus, from the area of Safety, Health and Environment, underscored the dedication that led Petrobras to this historic mark. “It’s a great privilege to represent the people who have been part of this story. They are women and men who devote themselves day and night to meeting the company’s goals.”

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