Pre-salt Santos, Campos basins surpass 500,000 bbls of oil/day

Posted on 03 July 2014

Oil production in the pre-salt Santos and Campos Basins have surpassed 500,000 bbl/day (bpd), topping-out at 520,000 bpd on 24 June and setting a new daily output record. Of this amount, 78% (406,000 bpd) belongs to Petrobras, while the rest belongs to partner companies. The 520,000 bpd output was achieved eight years after oil was discovered in the pre-salt layer in 2006. In the US Gulf of Mexico, according to Petrobras, it took 20 years from the first discovery to produce 500,000 bpd and in the North Sea, the level was reached in 10 years.

Petrobras has 25 producing wells in the province, of which 10 are located in the Santos Basin, accounting for 53% of the production from pre-salt (274,000 bpd). The other 15 are located in the Campos Basin and account for 47% of the output (246,000 bpd).

The average pre-salt output accounted for 22% of the operator’s total production in May in Brazil. From 2010 to 2014, the average daily output at the pre-salt reservoirs has soared more than tenfold, from 41,000 bbl to 520,000 bpd.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 18 August 2014

    Repsol runs BlueDock connectors in Trinidad and Tobago

    Repsol has recently run BlueDock connectors with elastomeric seals in Trinidad and Tobago. The operation took place in the Arima 2 well on a jackup platform...

  • 15 August 2014

    Joe Hurt to retire from IADC

    After more than 14 years with IADC and a career spanning 42 years, Joe Hurt, Vice President of IADC’s Onshore Division, will retire at the end of August. Mr Hurt began his career in 1974 with Noble Corp, working on land drilling rigs...

  • 13 August 2014

    OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

    OneSubsea, Helix Energy Solutions Group and Schlumberger have entered into a letter of intent to form an alliance to develop technologies and deliver...

  • 12 August 2014

    Noble Energy, Woodside Petroleum sign PSC for exploration offshore Gabon

    Noble Energy has signed a production-sharing contract (PSC) with Gabon government, covering Block F15 in the Gabon Coastal Basin. Under the terms...

  • 12 August 2014

    Opus Offshore selects DTI motion compensation for second set of Chinese drillships

    Drilling Technological Innovations (DTI) has been awarded a contract to provide motion compensation packages for the Tiger III and Tiger IV drillships...

  • Read more news