Photo: P-75 in Buzios field; Source: Petrobras

Petrobras hits production record in Búzios field

Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.

Petrobras reported on Monday that platforms P74, P-75, P-76, and P-77 – installed on the Búzios field – had reached new production records.

The records of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (bored) were reached on the 27th of this month.

The Búzios field was discovered in 2010 and it is the largest deepwater oil field in the world.

It started production in April 2018 through the P-74 FPSO and the rest of the units were subsequently added to the field.

For Petrobras, it is a world-class asset with substantial reserves, low risk, and low lifting cost.