Búzios Oil and Gas Field

Summary Information

• Operator: Petrobras
• Country: Brazil
• Location: 188 km off the city of Rio de Janeiro
• Production start: 2015
• Partners: CNOOC 15%
• Type: Oil / Gas
• Estimated Reserves: recoverable volumes of about 4.5 billion barrels
• Production Volume: 560,000 bpd (2022)

Description

• Búzios field is some 200km off the coast of Rio de Janeiro, at a water depth that ranges from 1,600 to 2,100 meters. It was previously called Franco Oil And Gas Field
• Búzios is the largest deepwater field in the world and the current development concept includes 11 platforms.
• The field is currently utilising the P-74 FPSO, P-75 FPSO, P-76 FPSO and P-77 FPSO and Almirante Barroso FPSO, each of which is capable of producing up to 150,000 barrels/day and of compressing 7 million cubic meters of natural gas/day was recently added.
• Currently, six more units are under construction (FPSO Almirante Tamandaré, P-78, P-79, P-80, P-82, and P-83)

Contractors

• P-74, 75, 76 and 77
  • Norberto Odebrecht / UTC Engenharia: FPSO hull conversion
  • Toyo: EPCI contract to install topsides units

History

• 2010 - Franco Oil And Gas Field discovered
• 2012 - Petrobras reported drilling of the first well
• 2013 - Declaration of commerciality
• 2015 - First oil from early production system
• 2018 - P74, the first permanent platform arrived on the field, followed by P-75
• 2019 - P76, the third FPSO arrived on the field, followed by P-77
• 2020 - More oil discovered in the field
• 2022 - Petrobras sold another 10% to CNOOC
• 2023 - Almirante Barroso FPSO starts producing oil

Geology

• The oil bearing rock is 272 metres thick
• The pre-salt reservoirs in this field contain good quality oil (between 26º and 28º API)

Links

1. Well 2-ANP-1-RJS has recoverable volume of 4.5 billion barrels
2. Petrobras signs agreement to convert platform hulls for transfer of rights areas
3. First test of Franco Indicates the capacity to produce 50,000 barrels / day
4. Drilling of first well in Transfer of Rights area completed at Franco
5. TOYO’s Brazil Affiliate Awarded FPSO Topsides Units
6. Declaration of Commerciality of Transfer of Rights Areas Franco and Sul de Tupi
7. Petrobras starts-up Early Production System on Búzios field in Transfer of Rights area
8. Platform P-74 arrives at the Búzios field, in the Santos Basin pre-salt
9. Petrobras on activities in Búzios and Albacora
10. Petrobras concludes transfer of interest in Búzios
11. Petrobras on the start-up of FPSO Almirante Barroso