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Released January 28, 2025 | SUGAR LAND
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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil), the Brazilian state company, has extended its Cidade de Angra dos Reis floating production, storage and offloading (FPSO) platform's charter and service agreement until 2030 as part of its goal to continue expanding production.
Petrobras has extended the agreement with Tupi Pilot MV 22 B.V and Modec Serviços de Petróleo do Brasil Ltda (Santos, Brazil) for five more years until 2030.
The oil platform, which has a production capacity of more than 50,000 barrels of oil per day (BBL/d), is part of the offshore facilities of the Tupi field, owned by a consortium composed of Petrobras (67.2%), Shell (23%), Petrogal (9.2%) and PPSA (0.5%).
The contract extension also includes improving production efficiency and operational safety and reducing greenhouse emissions.
The Cidade de Angra dos Reis FPSO started operations in October 2010. It was the first high-capacity FPSO to operate in the pre-salt layer of the Santos Basin. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Plant Database can click here for a profile on the FPSO.
Between 2025 and 2030+, Petrobras foresees the installation of at least 14 new FPSOs, with the possibility of adding another six projects, which are being studied. Revit 1, a platform being studied for potential installation in Tupi after 2030, aims to develop the remaining potential of the asset and optimize production.
The Tupi oilfield is Brazil's largest oil-producing asset, averaging an output of 773,000 BBL/d between January and November last year, according to the National Agency of Oil, Natural Gas, and Biofuels.
Petrobras' pre-salt oil production from the Santos and Campos basins has increasingly become the company's and Brazil's focus. Thanks to the developments in the area, Brazil and Petrobras have become a global energy powerhouse by boosting local production.
Also, pre-salt output continues to represent larger shares of the oil refined, reaching a new record of 70% of the total crude refined in Petrobras downstream units throughout 2024.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
Petrobras has extended the agreement with Tupi Pilot MV 22 B.V and Modec Serviços de Petróleo do Brasil Ltda (Santos, Brazil) for five more years until 2030.
The oil platform, which has a production capacity of more than 50,000 barrels of oil per day (BBL/d), is part of the offshore facilities of the Tupi field, owned by a consortium composed of Petrobras (67.2%), Shell (23%), Petrogal (9.2%) and PPSA (0.5%).
The contract extension also includes improving production efficiency and operational safety and reducing greenhouse emissions.
The Cidade de Angra dos Reis FPSO started operations in October 2010. It was the first high-capacity FPSO to operate in the pre-salt layer of the Santos Basin. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Plant Database can click here for a profile on the FPSO.
Between 2025 and 2030+, Petrobras foresees the installation of at least 14 new FPSOs, with the possibility of adding another six projects, which are being studied. Revit 1, a platform being studied for potential installation in Tupi after 2030, aims to develop the remaining potential of the asset and optimize production.
The Tupi oilfield is Brazil's largest oil-producing asset, averaging an output of 773,000 BBL/d between January and November last year, according to the National Agency of Oil, Natural Gas, and Biofuels.
Petrobras' pre-salt oil production from the Santos and Campos basins has increasingly become the company's and Brazil's focus. Thanks to the developments in the area, Brazil and Petrobras have become a global energy powerhouse by boosting local production.
Also, pre-salt output continues to represent larger shares of the oil refined, reaching a new record of 70% of the total crude refined in Petrobras downstream units throughout 2024.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
