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    1. Regional Reports
    2. Latin America

    Petrobras re-aligns interests in two fields offshore Brazil

    Jan. 14, 2022
    Petrobras’ presalt production offshore Brazil accounted for 70% of the company’s overall oil and gas output last year.
    (Photo: Bram Titan / Petrobras)
    The FPSO Carioca operates at the Sépia field in the Santos basin offshore Brazil.
    The FPSO Carioca operates at the Sépia field in the Santos basin offshore Brazil.

    Offshore staff

    RIO DE JANEIRO – Petrobras’ presalt production offshore Brazil accounted for 70% of the company’s overall oil and gas output last year, averaging 1.95 MMboe/d in 2021.

    This year, the production sharing regime for the Atapu and Sépia fields in the Santos basin, including portions of the Transfer of Rights and concession agreements, will be as follows:

    Petrobras Charts

    However, these changes and the start-up of the FPSOs P-70 and Carioca on Atapu and Sépia, respectively, will impact the company’s production this year, leading to a likely reduction of 70 MMboe/d.

    As for overall investments for 2022, the company maintains its forecast of $11 billion. In addition, Petrobras will discuss development plans to produce the surplus volumes in Atapu and Sépia with its partners with a view to commissioning a new production system for each field.

    01/14/2022