Petrobras acquires two fields in Santos basin

Petróleo Brasileiro SA (Petrobras) has been awarded production sharing contracts (PSC) from Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) for Atapu and Sépia pre-salt oil fields near Búzios field in Santos basin, offshore Brazil, in water depths of about 2,000 m.

Atapu, within Block BM-S-11A, started production last year and achieved 160,000 b/d via floating, production, storage, and offloading unit (FPSO) Carioca about 200 km off the coast. A second FPSO is expected to increase overall oil production to around 350,000 b/d.

Sépia, in Block BM-S-24, started production this year with a first FPSO and has achieved a plateau of 180,000 b/d. A second FPSO is expected to increase production to about 350,000 b/d.

Petrobras is operator at Atapu and Sépia PSCs. It has 52.5% interest in Atapu with partners TotalEnergies SE (22.5%) and Royal Dutch Shell PLC (25%), and 30% interest in Sépia with partners QatarEnergy Co. (21%), TotalEnergies (28%), and Petronas Co. (21%).