Brazil’s Petrobras expects to bring online two FPSOs with total production capacity of 280,000 bbl/d in the second half of 2024, the state-owned company said in its second-quarter 2024 performance report.

Petrobras produced 2.16 MMbbl/d in the second quarter 2024, and it targeting an average 2.2 MMbbl/d for the year. The additional offshore production will help offset Petrobras’ natural field declines, potentially enabling it to hit production targets.

New production in the second half of 2024 will come from the Marechal Duque de Caxias FPSO (Petrobras, 38.6% interest), which will add 180,000 bbl/d and the Maria Quitéria FPSO, which will add 100,000 bbl/d (Petrobras, 100%), the company said it its report.

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FPSOs, offshore units coming

Between 2025 and 2030, Petrobras aims to bring online another 2.48 MMbbl/d with the addition of 14 FPSOs offshore Brazil.

In 2025, three FPSOs and units will add 585,000 bbl/d: the Almirante Tamandaré FPSO (225,000 bbl/d; Petrobras, 88.99%); the P-78 (180,000 bbl/d; Petrobras, 88.99%); and the FPSO Alexandre de Gusmão (180,000 bbl/d; Petrobras, 38.6%).

In 2026, two units will add 405,000 bbl/d: the P-79 (180,000 bbl/d; Petrobras, 88.99%) and the P-80 (225,000 bbl/d; Petrobras, 8.99%)

In 2027, three units will add 570,000 bbl/d: the P-82 (225,000 bbl/d; Petrobras, 88.99%) and the P-83 (225,000 bbl/d; Petrobras, 88.99%); and the Albacora (120,000 bbl/d; Petrobras 100%).

In 2028, four units will 466,000 bbl/d: the BM-C-33 (126,000 bbl/d (Petrobras, 30%); the Revit BRC/CRT (100,000 bbl/d; Petrobras, 100%); and the SEAP 2 (120,000 bbl/d; Petrobras, 88%); and the SEAP 1 (120,000 bbl/d; Petrobras, 69%).

In 2029, the P-84 will add 225,000 bbl/d (Petrobras, 65.7%).

And in 2030, the P-85 will add 225,000 bbl/d (Petrobras, 55.3%).

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