Petrobras works with Modec to avoid delays on the Buzios platform

Petrobras is working with Japanese engineering company Modec to avoid delays in the implementation of the fifth production platform in the Buzios field, the asset’s executive manager said on Monday.

The Brazilian state-owned company proposed nine platforms for Buzios, its fastest growing deepwater project, in the 2021-2025 business plan. Four units are already in operation, and a fifth is scheduled to start production in the second half of 2022.

The field could support 12 FPSO-type platforms over the next decade, said Marcio Kahn, who heads the Petrobras project. These 12 units would allow the company to expand oil production in Buzios to more than 2 million barrels per day (bpd), compared to around 600 thousand bpd currently.

“Buzios is a signature, a huge field. It is very much in line with our strategy,” said Kahn.

Modec is expected to deliver and operate the fifth FPSO next year, while a sixth installation for Buzios is expected to arrive in 2024.

Petrobras started production in Buzios in 2018, and since then it has pumped around 400 million barrels. Last year, the field was responsible for 34% of the company’s oil production in the pre-salt region.

“We are very proud of all our achievements, but now we want more, applying ultra-deep innovations to generate sustainable and reliable energy,” said Kahn.

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