Petrobras to start early production in Buzios field

Petrobras to start early production in Buzios field

RIO DE JANEIRO -- Petrobras has received authorization from Brazil’s ANP to initiate the early production system of well 2-ANP-1RJS, located in Búzios field (formerly known as the Franco area), in the Santos basin pre-salt.

Through this temporary system, the company will be able to produce for approximately seven months, while obtaining essential information for optimizing the field’s first definitive production system.

Búzios field is located around 200 km off the coast of Rio de Janeiro, at a water depth of 1,600 to 2,100 m. Petrobras submitted its declaration of commerciality for the field in December 2013.

3D seismic studies have already been carried out in Búzios field and 11 wells have been drilled there in order to delimit and characterize the reservoir.

The field accounts for the bulk of the volume acquired by Petrobras through its transfer-of-rights agreement with the Brazilian government -- 3.058 Bboe out of the total of 5 Bboe to be produced under the deal.