Petrobras to invest $16 billion, install three FPSOs in Campos basin revitalization

May 4, 2022
Petrobras will invest $16 billion to renovate the Campos basin, offshore Brazil, with plans to install three new FPSOs and interconnect more than 100 oil rigs in the area over the next 5 years.

Petróleo Brasileiro SA (Petrobras) will invest $16 billion to renovate the Campos basin, offshore Brazil, with plans to install three new FPSOs and interconnect more than 100 oil rigs in the area over the next 5 years.

FPSOs Anita Gabribaldi and Anna Neri will be installed in Marlim field. Together they will be capable of producing up to 150,000 b/d. Maria Quitéria, the third planned unit, is in Jubarte, Parque das Baleias complex, in the capixaba portion of the basin, with capacity of 100,000 b/d.

In 2021, the basin accounted for about 25% of Petrobras' total production. The company expects to produce 900,000 boe from the basin by 2026.

According to its 2022-2026 strategic plan, Petrobras plans to add 20 billion boe to its reserves by 2030—5 billion from Campos basin.

About the Author

Alex Procyk | Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).