Insight: Development of production to focus on Búzios

12/6/18

The Búzios field, in the Santos Basin pre-salt, will absorb 20% of Petrobras’ total development investments between 2019 and 2023, in the order of US $ 48.4 billion. The onerous assignment project will receive US $ 9 billion in the period, according to Petrobras’ new business plan for the period, released on Wednesday (5/12).

Búzios has four FPSOs contracted: P-74 and P-75, which are already in operation, and P-76 and P-77, scheduled to extract the first oil in 2019. In addition, a fifth FPSO (Búzios V) is yet to be hired.

The other pre-salt fields declared by Petrobras in the new plan are Mero, which will have capex of US $ 3.5 billion (one FPSO contracted and one to be contracted); Atapu (US $ 2.7 bn / one contracted FPSO); Berbigão and Sururu (US $ 1.7bn / one contracted FPSO) and Lula Cernambi (US $ 4.6bn / eight FPSO’s in operation and one to be contracted).

Including Búzios, these ventures will account for 44% of total investments in production development over the next five years, totaling capex of US $ 21.5 billion.

The Campos Basin will absorb 42% of the contributions, totaling US $ 20.5 billion. In its business plan, Petrobras points out that the strategic partnership with Equinor in the field of Roncador and new projects guarantee the sustainability of production in the basin.

Source: Brazil Energy

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