Petrobras' Largest FPSO Begins Oil Production at Buzios Field

Core Insights - Petrobras has commenced oil production from its deepwater project in southeast Brazil using its largest FPSO unit, Almirante Tamandaré [1] Group 1: Overview of Almirante Tamandaré - Almirante Tamandaré is the largest FPSO at Petrobras' Búzios field, leased from SBM Offshore to boost oil and gas output [2] - The FPSO has a production capacity of up to 225,000 barrels of oil per day and can process 12 million cubic meters of gas daily [2] Group 2: Búzios Oil Field Insights - The Búzios oil field is located in the Santos Basin at a depth of approximately 1,900-2,200 meters and is the largest ultra-deepwater field globally [3] - Petrobras holds an 88.89% stake in the Búzios field, partnered with CNOOC Ltd. (7.34%) and China National Petroleum Corporation (3.67%) [3] - The Búzios field contributes over 20% to Petrobras' total production [3] Group 3: Benefits of the FPSO to Petrobras - The Almirante Tamandaré FPSO connects to 15 wells, enhancing resource extraction efficiency [4] - It is part of the sixth production system of Búzios, aiming for a total output of 1 million barrels per day by 2025, with a goal to double that to 2 million barrels per day by 2030 [4] Group 4: Company Overview - Petrobras is the largest integrated energy firm in Brazil and one of the largest in Latin America, currently holding a Zacks Rank 3 (Hold) [5]