Brazil oil watch
Oil production in Brazil totaled 2.615Mb/d in January, up 0.1% from December last year and down 2.7% compared to January 2017, local watchdog ANP announced Monday.
Natural gas output amounted to 112Mm³/d, down 0.84% from December and up 2.3% from January last year.
Pre-salt production in January totalled 1.723Mboe/d, rising 2.3% from December and accounting for 51.9% of Brazil's total output.
Some 1.381Mb/d of oil and 54Mm³/d of natural gas were produced in the period from 85 wells.
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Petrobras' P-74 floating production platform (FPSO) arrived last Saturday in the Búzios oil field in southeastern Brazil, the state-run firm reported Monday.
Propduced at the EBR shipyard in Rio Grande do Sul state (pictured), the unit is the first definitive system to develop the main transfer of rights contract area, which was assigned to Petrobras in 2010 by the federal government.
In addition to the P-74, four other FPSOs are expected to be installed in the Búzios field: the P-75 and P-76, which are scheduled to come online in the second half of this year; and the P-77 (2019) and Búzios 5 (2021).
Each of these platforms will have the capacity to produce 150,000b/d and process 7Mm³/d of natural gas.
Over 3bn barrels of oil are expected to be produced in the field.
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