Petrobras to Invest US$ 16B in the Campos Basin Renewal Plan

Source: www.gulfoilandgas.com 5/3/2022, Location: South America

Petrobras will invest US$ 16 billion in the renovation plan for the Campos Basin, with plans to install three new platforms and interconnect more than 100 oil rigs in the area over the next five years. With more than 40 years of history and two awards received by the Offshore Technology Conference (OTC) for technological advances in the Marlim (1992) and Roncador (2001) fields, the Campos Basin maintains a prominent position as an innovation center and points to the future: today it is the stage for the largest revitalization project in the offshore industry worldwide. The statement is from Petrobras' Executive Manager of Strategy, Eduardo Bordieri, who presented, on Tuesday (May 3), the company's main investments for the area, during the Offshore Technology Conference (OTC).

In the coming years, Petrobras will adopt new technologies for the revitalization of mature assets in the area and decommissioning of its oil platforms - which is the process of deactivation of the units when they end their life cycle. "In 2021, the Campos Basin accounted for about 25% of Petrobras' total production. The company projects to reach, in 2026, a volume of 900 thousand barrels of oil equivalent (boe) in that basin, with the entry into production of three new systems. This volume represents about three times the production that we would reach if we had not invested in the new platforms. In other words: without the new projects, our future production in the basin would be 300,000 boe," explained Bordieri.

Three new platforms planned by 2026
Petrobras expects to install three new FPSO platforms (floating systems for production, storage and transfer of petroleum) in the region in the next few years. The FPSOs Anita Gabribaldi and Anna Neri will be installed in the Marlim field and together they will be capable of producing up to 150,000 barrels per day (bpd). The third planned unit is the Maria Quitéria, in Jubarte, in the Parque das Baleias complex, in the capixaba portion of the Campos Basin, with capacity for 100,000 bpd.

The basin has accumulated a series of expressive results. To get an idea, Petrobras broke the national record in the time it took to build a well in deep waters, reaching the mark of 35 days, in the Marlim field, in the Campos Basin. For comparison purposes, the previous record in the country was 44 days, set in 2021 in the Golfinho field, in the Espírito Santo Basin. In Marlim, the historical average in the last 20 years in well construction was 93 days, indicating a 63% reduction in this period. "This performance demonstrates our economic resilience in oil rig projects, in addition to our technological advances in new oil rig models that are faster and more optimized than conventional ones," said Bordieri.

According to its Strategic Plan 2022-2026, Petrobras has the ambition to add a volume of 20 billion boe to its reserves by 2030, of which 5 billion boe in assets operated by Petrobras in the Campos Basin. This projection is the focus of the strategic program called RES-20, exclusively focused on the expansion of the company's reserves.


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