Brazil’s Petrobras expects to bring online two FPSOs with total production capacity of 280,000 bbl/d in the second half of 2024, the state-owned company said in its second-quarter 2024 performance report.
Petrobras produced 2.16 MMbbl/d in the second quarter 2024, and it targeting an average 2.2 MMbbl/d for the year. The additional offshore production will help offset Petrobras’ natural field declines, potentially enabling it to hit production targets.
New production in the second half of 2024 will come from the Marechal Duque de Caxias FPSO (Petrobras, 38.6% interest), which will add 180,000 bbl/d and the Maria Quitéria FPSO, which will add 100,000 bbl/d (Petrobras, 100%), the company said it its report.
RELATED
Petrobras’ 2Q Production Rises 2.4% YOY to 2.7 MMboe/d
FPSOs, offshore units coming
Between 2025 and 2030, Petrobras aims to bring online another 2.48 MMbbl/d with the addition of 14 FPSOs offshore Brazil.
In 2025, three FPSOs and units will add 585,000 bbl/d: the Almirante Tamandaré FPSO (225,000 bbl/d; Petrobras, 88.99%); the P-78 (180,000 bbl/d; Petrobras, 88.99%); and the FPSO Alexandre de Gusmão (180,000 bbl/d; Petrobras, 38.6%).
In 2026, two units will add 405,000 bbl/d: the P-79 (180,000 bbl/d; Petrobras, 88.99%) and the P-80 (225,000 bbl/d; Petrobras, 8.99%)
In 2027, three units will add 570,000 bbl/d: the P-82 (225,000 bbl/d; Petrobras, 88.99%) and the P-83 (225,000 bbl/d; Petrobras, 88.99%); and the Albacora (120,000 bbl/d; Petrobras 100%).
In 2028, four units will 466,000 bbl/d: the BM-C-33 (126,000 bbl/d (Petrobras, 30%); the Revit BRC/CRT (100,000 bbl/d; Petrobras, 100%); and the SEAP 2 (120,000 bbl/d; Petrobras, 88%); and the SEAP 1 (120,000 bbl/d; Petrobras, 69%).
In 2029, the P-84 will add 225,000 bbl/d (Petrobras, 65.7%).
And in 2030, the P-85 will add 225,000 bbl/d (Petrobras, 55.3%).
Recommended Reading
Commentary: Oil Traders Ignore Dwindling Stocks to Focus on Economy
2024-08-08 - Oil prices have retreated in recent weeks as traders look past the current depletion in global inventories to focus on the threat of possible economic slowdowns.
Paisie: OPEC+ Will Be Able to Manage Prices
2024-07-11 - Disappointing economic news has contributed to a drop in oil prices.
Oil Settles $1 Down After US Job Data Revised Significantly Lower
2024-08-21 - U.S. employers added far fewer jobs than originally reported in the year through March, the Labor Department said on Aug. 21.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
2024-07-15 - Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
Hirs: Peak Oil Demand—Where Upstream Diverges from Downstream
2024-08-13 - The impact of peak oil demand is the same regardless of the sliding timelines published by the experts.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.