Petrobras Announces P-76 Starts Gas Export to the Mainland

Source: www.gulfoilandgas.com 7/7/2021, Location: South America

In June, the P-76 became the second platform in the Buzios field, in the Santos Basin pre-salt, to export gas to the continent. The operation was possible after connecting the platform to the gas pipeline known as Route 2, which transports production to the Cabiunas Terminal.

Petrobras began exporting gas from Buzios in August last year, with the P-74 platform. Currently, the volume exported by the two platforms is up to 2 million m/day. By the second half of 2022, with the implementation of Route 3 and the interconnection of platforms P-75 and P-77, the volume of gas to be exported by the Buzios field could exceed 9 million m/day.

The possibility of exporting gas from Buzios contributes to harnessing the potential of the fields, bringing flexibility for better reservoir management and increased value generation. Currently, the gas produced in the Santos Basin is transported by routes 1 and 2 which, together, have a flow capacity of 26 to 30 million m per day. Route 3, still in the implementation phase, will allow the flow of more than 18 million m/d of gas to the onshore gas processing units.

The natural gas market in Brazil is going through an opening process that seeks a more dynamic competitive environment. The start of gas exports by the P-76 reinforces Petrobras' position in the country's natural gas chain, expanding the availability of gas to the market and providing for meeting the growth in demand, including expansion and security in serving the electricity sector, outlining the path of energy transition to sources with lower carbon intensity.

Whelks

The Buzios field, discovered in 2010, is the largest deepwater oil field in the world. It is a world-class asset, with substantial reserves, low risk and low extraction cost. It should reach the end of the decade with daily production above 2 million barrels of oil equivalent per day, becoming Petrobras' asset with the highest production.

The four units in operation in Buzios account for more than 20% of Petrobras' total production at the moment. Another four platforms planned for the field (FPSOs Almirante Barroso, Almirante Tamandare, P-78 and P-79) are under construction and the ninth unit (P-80) is in the contracting process.


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