Petrobras reaches new production record at Búzios field

Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.

Petrobras reported on Tuesday that platforms P-74, P-75, P-76, and P-77 – installed on the Búzios field – reached new production records.

The production record now stands at 674,000 barrels of oil per day (bpd) and 844,000 barrels of oil equivalent per day (boepd).

The previous record stood at 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boepd) reached on 27 June 2020.

The Búzios field was discovered in 2010 and it is the largest deepwater oil field in the world.

It started production in April 2018 through the P-74 FPSO and the rest of the units were subsequently added to the field.

Petrobras added that it was a world-class asset with substantial reserves, low risk, and low lifting cost.