Rio de Janeiro – Brazilian oil production in the pre-salt fields could add up to 7.7 billion barrels from 2023 to 2032 within the sharing regime, with 1.9 billion barrels to the Federal Government. Estimates were released by Pré-Sal Petróleo (PPSA), a company linked to the Brazilian Ministry of Mines and Energy, this Tuesday (29) by CEO Eduardo Gerk during the opening of the 5th Pre-Salt Oil Technical Forum.
The pre-salt polygon extends from the north coast of the state of Santa Catarina to the south of Espírito Santo, with a drilling area of 149,000 square kilometers, at a depth of up to 7,000 meters. In the sharing regime, the costs of the drilling operation are deducted from the total amount extracted, and the excess oil over the price is shared between the company or consortium which won the bidding for the area and the Brazilian Federal Government. According to Gerk, estimates are based on the 19 contracts already managed by PPSA, added to fields expected to enter operation soon.
“We could have an impressive increase in the production of oil wells, starting in 2023 around 800,000 barrels a day and reaching close to 3 million around 2029 or 2030. We had already presented this assessment last year, and we are confirming these numbers. We did the segmentation between what already has a declaration of commerciality and what does not, but 80% of production is already virtually guaranteed,” he said.
Gerk highlighted the estimates of total oil production in Brazil for 2029 are at 5.4 million barrels a day, with over half of this coming from the pre-salt sharing regime. According to the executive, Brazil could have a daily oil production comparable to countries like China, Colombia, the United Kingdom, and Venezuela.
Investments of USD72.5 billion are planned for the period, with the need for 21 Floating Production Storage and Offloading (FPSO) and 319 wells, including production, injection, and drilling.
Translated by Elúsio Brasileiro
