Brazil: Development of the Production Sharing contracts  may require 21 FPSOs by 2029

(epbr) The development of the 18 production sharing contracts currently contracted may require the contracting of 21 production platforms (FPSOs) of up to 225 thousand barrels/per day of capacity by 2029, estimates Pré-Sal Petróleo (PPSA).

— Investments in production development are estimated at US$ 72.4 billion between 2023 and 2032, which include everything from the construction of 319 production and injection wells to new units.

— The projections were updated this month and will be detailed at the 5th PPSA Technical Forum, which will be held this Tuesday (29/11).

The total production of the sharing contracts should reach 2.949 million barrels of oil per day in 2030. The Union’s oil share could reach 920 thousand barrels per day in 2031.

— In ten years, accumulated production could reach 7.7 billion barrels, with 1.9 billion barrels destined for the Union by 2032.

With current projections for the price of oil, sales revenue could reach US$ 157 billion in the period, in addition to US$ 187 billion in royalties and federal taxes.

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