Petrobras will invest US$ 5.5 billion in exploratory activities over the next five years. The information was given today (4) by the company’s executive manager of Strategy, Eduardo Bordieri, during the panel Petrobras perspectives on O&G double resilience, held at the Annual Breakfast Offshore of the Brazil-Texas Chamber of Commerce (Bratecc), in Houston, Texas, United States. He said that the intensification of the company’s exploratory effort stems from recent oil discoveries in the pre-salt region, in the Alto de Cabo Frio Central and Aram areas.
Of the total investments programmed by Petrobras’ Strategic Plan in new exploratory frontiers, 58% will be allocated to the Southeast Basins (including pre-salt prospects); 38% to the Equatorial Margin; and 2% to other areas.
“All Petrobras investments seek double resilience: both economically (considering viable projects from a financial point of view with the Brent price at US$ 35 in the long term), and environmental (low-carbon projects)”, explained Bordieri. .
time reduction
In his lecture, he highlighted the significant reduction in the construction time of wells in the pre-salt layer, with the maintenance of operational safety. Between 2018 and 2021, the company reduced this period from 100 days to less than 70 days, on average.
Petrobras wants to intensify these efforts to achieve, by 2024, a 14% reduction in this period, to which the company’s drilling and completion efficiency program will contribute, in addition to the use of new, faster and more optimized well configuration models.
Bordieri pointed out that any reduction in well construction time is synonymous with preserving operational safety and reducing costs associated with the generation of value.
“To give you an idea, the activity of wells accounts for about 30% of investments in the area of exploration and production. Therefore, we pursue the best results in this activity, preserving safety and optimizing the configuration of wells as quickly and efficiently as possible, always in accordance with the best safety practices in the industry”, he said.
Over the next five years, Petrobras will put into production 15 floating oil production, storage and transfer (FPSO) platform ships. Of this total, ten platform ships will be installed in the pre-salt and five in the post-salt. The company has already put 32 FPSOs into operation throughout its most recent history, which is a record in the oil industry.
“Today, Petrobras is the leader in the operation of FPSOs in the world and is the company that will install the largest number of platforms of this type in the next five years, generating value for our stakeholders”, assured the executive.
