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

  • 22 April 2015

    Transocean appoints Jeremy D. Thigpen as President & CEO

    Transocean has announced that Jeremy D. Thigpen has been named President and Chief Executive Officer effective 22 April 2015. Mr Thigpen succeeds Ian C. Strachan, Interim...

  • 22 April 2015

    Noted broadcast journalist Eithne Treanor to MC IADC World Drilling 2015, Rome, 17-18 June

    IADC is pleased to announce that noted industry broadcast journalist and professional moderator Eithne Treanor will serve as master of ceremonies...

  • 22 April 2015

    UBO & MPD Committee drives safe practices, while survey indicates industry moving toward acceptance

    The IADC Underbalanced Operations & Managed Pressure Drilling Committee continues to drive safe practices...

  • 22 April 2015

    Video: Schlumberger’s At Balance brand aims to make MPD more accessible

    Schlumberger recently brought back the At Balance brand as a family of product and services offering at the 2015 IADC/SPE Managed Pressure Drilling and Underbalanced...

  • 21 April 2015

    Petrobras’ first MPD operation aboard a DP rig succeeds

    Petrobras’ first use of MPD aboard a dynamically positioned rig proved successful and kept NPT to less then 3%, according to a paper presented at the 2015 IADC/SPE...

  • Read more news