Asset Report
Itapu
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Itapu is a pre-salt oil and gas discovery located in the Santos basin of Brazil. Petrobras announced first oil in December 2022. In November 2019, a licensing round offered the volumes discovered in Itapu above the 350 mmboe awarded to Petrobras under the original Transfer of Rights agreement. Petrobras (100% and operator) was the single bidder. The original Transfer of Rights volume corresponds to around 52% 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 Itapu and Itapu (Surplus) models together.
Table of contents
- Summary
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Key Issues
- Petrobras takes the final investment decision
- Petrobras secures Itapu Surplus volumes making for a smoother unitisation process
- With 100% Petrobras ownership, co-participation payment will have a positive effect on the economics
- Transfer of Rights (TOR) volumes
- History
- Oil
- Gas
- Oil
- Gas
- Capital costs
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Operating costs
- Lease costs
- Transportation cost
- Oil
- Gas
- Cash flow
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Reserves (2P) at 01/01/2025
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Production (2015-2024)Itapu - Production ProfileItapu (Surplus) - Production ProfileCapital Costs Pre-2016 to 2024 (US$ million)Annual Gas PricesIndex MapDetail MapCurrent participationOperating Costs 2024 to 2033 (US$ million)
- 14 more item(s)...
What's included
This report contains:
