Pre - salt Reservoirs

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Petrobras Deepens Its Roots in Buzios Field With a New Well Drilling
ZACKS· 2025-07-22 13:06
Core Insights - Petrobras has initiated drilling of a new well, 9-BUZ-103D-RJS, in the Buzios Field at a water depth of 1,700 meters, showcasing its ambition in the pre-salt frontier [1][9] - The company is a dominant player in Brazil's oil and gas sector, producing most of the country's crude oil and natural gas, and holding nearly all refining capacity [2] - The aggressive development of the Buzios field, projected to reach 2 million barrels per day by 2030, positions Petrobras for significant long-term growth [3] Drilling Operations - The Atlantic Zonda drillship, under a three-year contract with Petrobras, is leading the deepwater drilling campaign and features Managed Pressure Drilling capabilities [4][9] - Recent discoveries, including a new oil accumulation in the Buzios field, validate the area's untapped potential [5] - Petrobras is also increasing drilling activities in the Agua Marinha block and the Aram block of the Santos Basin, indicating a broader focus on the pre-salt zone [6] Strategic Importance - The ongoing drilling campaigns reflect Petrobras' confidence in the pre-salt layer, which continues to yield promising results both technically and commercially [7] - As the company expands its drilling efforts across the Campos and Santos basins, it sets the stage for further discoveries that could enhance Brazil's energy dominance globally [7]