Marlim revitalization will add 860 million oil-equivalent barrels to Petrobras’ accumulated production

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Petrobras estimates that the revitalization project of the Marlim field in the Campos Basin will produce an additional cumulative volume of 860 million barrels of oil equivalent. 

Mariana Cavassin, Executive Manager of Production Development Projects at Petrobras, told participants at the Offshore Technology Conference that the figure takes into account the total volume of oil to be produced by 2048 when the concession period is due to end. The executive presented Petrobras’ progress in revitalizing mature fields in a May 6 panel.

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She explained that before the revitalization, Marlim’s production was expected to end in 2025 with the return of the field. The revitalization project, which replaced nine platforms with two floating production, storage, and offloading units (FPSOs), is expected to reduce greenhouse gas emissions by 55% compared to the peak expected from the old units. In daily volumes, the revitalization of Marlim with its two platforms, FPSO Anna Nery and Anita Garibaldi, is expected to add at least 115,000 barrels per day (b/d) to Campos Basin production over the next few years.

“There is still a significant volume of oil to be produced in Marlim. We have extended the field’s useful life by 23 years, and we want to achieve additional accumulated production of more than 860 million barrels of oil equivalent in this field with the project,” Cavassin said. 

Marlim’s revitalization was the main project presented by Petrobras at the Conference and won the Distinguished Achievement Award, a prize awarded by the OTC to projects that offer innovative technological contributions to the global offshore industry.

By 2028, Petrobras will invest US$22 billion in revitalizing the Campos Basin and will install three new production platforms between 2025 and 2028, in the Albacora, Barracuda-Caratinga and Jubarte fields, the first of the three to start operating, in the Espírito Santo portion of the Campos Basin.

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The Campos Basin, where the first discoveries were made in the 1970s, was responsible for 20% of the 2.8 million barrels of oil produced daily by Petrobras in 2023. With the revitalization projects, which include interventions in wells already in operation, drilling new wells, and installing more modern platforms, the company aims to increase the volume of oil extracted from the Campos Basin reservoirs and reduce greenhouse gas emissions.

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Photo saved as OTC Monday 

Caption: Petrobras’ executive managers, Paulo Marinho and Mariana Cavassin, participated in a panel held on Monday (5/6) at OTC 2024 (Photo: Petrobras)

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