Asset Report
Buzios
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Búzios is a giant pre-salt oil and gas field located in the Santos Basin. Petrobras achieved first oil in April 2018. In 2019, a consortium formed by Petrobras (85% and operator), CNOOC (10%) and CNPC (5%) got the rights to produce under a profit share contract the surplus volumes above the 3 billion boe awarded to Petrobras (100%) under the original Transfer of Rights agreement in 2010. The original Transfer of Rights volume corresponds to around 26% of the total reserves. From September 2021 onwards, the two contracts will share production, capital costs and operational costs. For a full analysis, please assess Búzios and Búzios (Surplus) models together.
Table of contents
- Summary
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Key Issues
- Petrobras opens tender for Búzios 12 FPSO
- Búzios 8th FPSO starts production ahead of schedule
- Petrobras kicks off P-78, Búzios’ seventh production unit
- Búzios 7 FPSO starts operations
- History
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Buzios Surplus
- Co-participation
- Transfer of Rights (TOR) re-valuation
- Local content
- Reservoir
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Hydrocarbon quality
- Oil
- Gas
- Work commitments
- Extended well tests
- Additional discoveries
- Oil
- Gas
- 9 more item(s)...
Tables and charts
This report includes the following images and tables:
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Reserves (2P) at 01/01/2026Production (2015-2024)
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Buzios - Production ProfileBuzios (Surplus) - Production ProfileSource: Wood MackenzieAnnual Gas PricesIndex MapDetail MapParticipationHydrocarbon characteristics
- 15 more item(s)...
What's included
This report contains:
