Pre-salt production has boomed over the past year
Brazilian upstream enjoys bumper year
Soaring pre-salt production sees Latin America’s largest country pull away from the local competition
This year is proving busy for Brazil’s upstream oil and gas sector. Barely eight months in and production has already surpassed 4.3m boe/d, boosted by several new FPSO vessels operating in the pre-salt sector. Pre-salt output has surged by 17.5% over the past year and accounts for c.75% of Brazil’s entire oil and gas total. In just three years, production from the offshore region has grown by 572,000boe/d and should see at least another 160,000boe/d of maximum FPSO capacity added before the end of 2023. State oil and gas firm Petrobras has led the charge for pre-salt production growth in recent years and notched up another important milestone in Q2 with two FPSOs reaching startup. The Anna
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
