Búzios is the first field in production under the Transfer of Rights regime.
TheP-74 is located about 200 km (124 mi) off the coast of the state of Rio de Janeiro, at a water depth of 2,000 m (6,562 ft) and is the thirteenth platform to go into operation in the Brazilian presalt.
Petrobras expects to allocate four more platforms to the Búzios field between this year and 2021, each with a capacity to process up to 150,000 b/d of oil and 6 MMcm/d of gas.