BS-500 Pole

The BS-500 Pole project was the joint development of two deepwater oil and gas fields located in the northern Santos basin. It was originally planned to be a phased project: the initial phase focused on the exploitation of the Uruguá and Tambaú fields, and the second phase focused on the development of Carapia. However, Carapia was relinquished in January 2015. The fields were developed via subsea wells tied back to the shared FPSO Cidade de Santos. Production from Uruguá and Tambaú peaked in 2015, at 27,910 boe/d . The FPSO productionOutput was severely impacted during the COVID-19 pandemic, with production rates decreasing to 1,200 boe/d in 2021. Scheduled maintenance stoppages in the second quarter of 2024 contributed to lower production. Although the fields were expected to be sold to Brava Energia, negotiations fell through and production ceased in December 2024.