Petrobras' New P-78 Platform On the Way to Brazil's Buzios Field

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petrobras' (Rio de Janeiro, Brazil) new P-78 floating production storage and offloading (FPSO) platform will help the Buzios oil field reach a production of over 1 million barrels per day (BBL/d).

The new platform is on its way from its shipyard in Singapore to the Buzios field in Brazil's Santos Basin. The new FPSO has the capacity to produce 180,000 BBL/d and compress 7.2 million cubic meters of gas daily.

The platform is expected to reach Brazil in the coming months, with a first oil target scheduled for December 2025, which will increase the Buzios field's production by 18% to 1.15 million BBL/d, making it the nation's largest oil-producing asset.

The platform will be connected to six producing wells, six water-alternating-gas (WAG) injectors and one gas injector, all interconnected via pipelines for gas production, injection and export.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here to read the P-78 project report.

P-78 would be the seventh platform to be deployed at the Buzios field. Another four platforms are expected to be added to Buzios by 2027, helping it to increase production by 855,000 BBL/d to reach the 2 million BBL/d mark.

For the next two years, all of Petrobras' new platform projects will be focusing on Buzios.

Additionally, another project, Buzios 12, is currently under study and may be announced for deployment after 2030.

Besides the development of Buzios, the company is also planning additional FPSOs for 2028 and 2029, as well as five more platforms to be deployed in 2030+ and six more projects under study.

Between 2027 and 2029, the Brazilian state company expects to reach production of 3.2 million barrels of oil equivalent per day (BOE/d). Petrobras plans to invest US$77 billion over the next five years in exploration and production; approximately US$8 billion will be allocated for exploration, US$17 billion for post-salt assets, US$47 billion for pre-salt, and US$5 billion for other purposes.

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