Pre-salt contract management by digital system advances – PPSA

Aug 7, 2019

The state-owned Pre-Salt Oil company, PPSA, has made available three more modules of the Oil Production Sharing Expenditure Management System for pre-salt field operators. The digital system allows online tracking of all documentation concerning a series of information on the operation of the contracts, which provides for the transfer of part of the production to the Union.

The first four modules began to be used in March 2019. Three more modules are due to be delivered by September.

The system is in use by Petrobras in Libra, Uirapuru, Central Cabo Frio Alto, Peroba, Dois Irmãos and Três Marias. Shell also operates using the system at Alto de Cabo Frio Oeste and Sul do Gato do Mato. As a result, the system is operating on six of the 14 production sharing contracts.

According to PPSA, the digital system has saved time in analyzing contract data. Previously, company technicians took two days to analyze spreadsheets sent by the company, which now occurs in as little as 40 seconds by sending them online to the system, pointing out errors and communicating them to the operator.

PPSA expects that by September, three more modules of the system will be operational and that in the coming months it will be extended to all production sharing contracts. The next step will be adding state-of-the-art analytics and intelligence tools for real-time project tracking and data comparison.

Source: Epoca Negocios

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