Sat. Apr 20th, 2019

Petrobras starts new platform in Brazil's pre-salt field

Petrobras starts new platform in Brazil's pre-salt field



State-run oil company Petrobras has put into operation in Brazil a new platform with the capacity to extract up to 150,000 barrels of oil daily and compress up to 6 million cubic meters of natural gas per day, the company said on Tuesday.

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The P-77 began its production on Tuesday in the field of Buzios and is the third platform to enter into operation in that area in 2019, out of a total of four planned for this year by the company.

The new platform is of the FPSO type (floating unit of production, storage and transfer of oil and gas) and was anchored about 200 kilometers off the coast of Rio de Janeiro.

The P-77 will extract up to 150,000 barrels of oil per day through 9 producing wells, in addition to being interconnected to 8 injection wells.

The Buzios field is the main area of ​​Petrobras under the onerous assignment contract, an area ceded by the Government to the company in 2010 in indirect exchange for shares of the state company for the right to exploit up to 5 billion barrels of oil.

This field, discovered in 2010 and whose production began in April last year, is located in the Santos basin, an immense area with oil potential in the Atlantic Ocean and which has reserves in the pre-salt.

The 36 most productive oil wells in Brazil are in pre-salt fields and each of them produces, on average, 27,000 barrels per day, a figure higher than the average oil production in marine areas (known as offshore).

The pre-salt deposits are located in very deep waters about 300 kilometers from the coast and under a layer of salt two kilometers thick.

Brazil reached in 2018 the mark of 1.5 million barrels of oil produced in the pre-salt per day since the exploitation of hydrocarbons began in this deep-water horizon 10 years ago.

The company's forecasts are that for the period between 2018 and 2022 more 130,000 million reals (about 31,325 million dollars) will be generated in government participations from production in pre-salt fields.

Petrobras last year produced a daily average of 2.63 million barrels of oil and natural gas equivalent, 0.75% lower than the record obtained by the state in 2017 of 2.65 million barrels of oil and natural gas equivalent per day.

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