Buzios starts up for Petrobras (Brazil)

Brazil’s Petrobras has announced the start-up of the early production system at Búzios Field, Santos Basin, on Tuesday, March 10, 2015.

According to Petrobras, this will be the first large scale and longest-running production at the Transfer of Rights area and will be performed by FPSO Dynamic Producer, which is interconnected to well 2-ANP-1-RJS. Due to issues limiting gas utilization, its average production will be limited to 15 thousand barrels of oil per day.

This early system will enable Petrobras to produce for a six-month period and gather important information to enhance the field’s first permanent production system using platform P-74, which is currently in the final phase of conversion at the Inhaúma shipyard in Rio de Janeiro.

Búzios field is some 200 km off the coast of Rio de Janeiro, at a water depth that ranges from 1,600 to 2,100 meters. Petrobras announced its commerciality in December of 2013.

Transfer of Rights

The Transfer of Rights is an assignment agreement signed by Petrobras with the Brazilian Federal Government to a set of Santos Basin pre-salt areas and fields. This contract, as provided by law, authorized Petrobras to carry out oil and natural gas exploration and production in these areas up to 5 billion barrels of oil equivalent (oil and gas) with related payments to the Federal Government.

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