Petrobras to install six new Buzios FPSOs by 2027 as offshore production increases

(WO) – Petrobras' average production of oil, NGL, and natural gas in Q1 2024 reached 2.8 MMboed, an increase of 3.7% compared to last year. The evolution of production (ramp-ups) of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi, and Sepetiba are responsible for the increase, as well as beginning production from 19 new wells from complementary projects in the Campos and Santos basins offshore Brazil.

Production was lower by 5.4% from Q4 2023, mainly due to the greater volume of losses from shutdowns and maintenance and the natural decline of mature fields. These effects were partially offset by significant contribution from FPSOs Almirante Barroso (Búzios field) and P-71 (Itapu field) after reaching peak production during Q4 2023, and by the ramp-up of FPSOs Sepetiba (Mero field) and Anita Garibaldi (Marlim, Voador and Espadim fields).

In March 2024, Petrobras began the flow of gas through the P-68 FPSO in the Berbigão and Sururu fields, increasing the reliability of gas delivery through the integrated network of the Santos basin.

On February 24, the FPSO Marechal Duque de Caxias left the shipyard in Yantai, China, heading to the Mero field in the pre-salt of the Santos basin. The platform, which will be the field's third definitive production system, is scheduled to come into operation in the second half of this year and can produce up to 180 MMbpd of oil and 12 MMcmd of natural gas.

In March 2024, the shared Búzios deposit reached 1 Bbbl of oil produced. Currently, the field operates on five platforms: P-74, P-75, P-76, P-77, and Almirante Barroso. Petrobras expects to install six more units in the field by 2027.