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Petrobras Executive Calls New Discoveries 'Significant'
Petrobras Oil Discoveries 2023

Introduction

Petrobras has reported significant oil discoveries in 2023 at the Campos and Santos basins and in the Buzios field.

Context

The exploration and production head, Sylvia dos Anjos, announced on Wednesday that hydrocarbon discoveries were made at the following locations:

  • Aram block in the Santos basin
  • Norte de Brava block in the Campos basin
  • A well in the western region of the Buzios field

Developments

She noted that while she could not discuss production volumes yet due to ongoing tests, the discoveries might accelerate the firm's planned peak production by a year. Additionally, Petrobras management will address a proposal for a tender to charter a new production vessel for the Buzios field, which could be issued in the first half of 2025 if approved.

Conclusion

The recent discoveries by Petrobras highlight the company's ongoing efforts in exploration and the potential for increased production capability in the near future.