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Petrobras' Buzios Oil Field Reaches Record Production Milestone
ZACKS· 2025-08-21 18:55
Core Insights - Petrobras S.A. has achieved a new production milestone at the Búzios oil field, surpassing 900,000 barrels of oil per day [1][4][11] - The Búzios field is on track to potentially become Brazil's largest oil-producing field by 2025, with production levels approaching those of the Tupi field [2][6] - The field is located at a depth of approximately 2,000 meters and currently operates four platforms and two FPSO units [3] Production Growth - Petrobras has significantly increased output in the first half of the year by bringing more wells online in the Búzios field compared to the previous year [4] - The startup of a fifth well on the FPSO Almirante Tamandaré has contributed to the production increase, with the P-78 unit expected to further boost output [5][11] - The company's strategy focuses on expanding production while reducing costs and streamlining projects, enhancing efficiency [4][6] Sustainability and Energy Security - Petrobras emphasizes its commitment to sustainability and a fair energy transition process while contributing to Brazil's energy security [4][6]
Petrobras Enhances FPSO Safety With Exail's Quadrans AHRS Tech
ZACKS· 2025-07-01 15:16
Core Insights - Petrobras has awarded a contract to Exail for the installation of 30 Quadrans Attitude and Heading Reference Systems (AHRS) on its Floating Production, Storage and Offloading (FPSO) units, enhancing safety and operational efficiency in offshore production [1][9] - The Quadrans AHRS provides high accuracy with a heading accuracy of 0.23° seclat RMS, crucial for real-time decision-making and stability monitoring during complex offshore operations [3][9] - The collaboration with Exail and Mitang reflects Petrobras' commitment to leveraging advanced technology to maintain Brazil's leadership in offshore energy production [5] Technology and Operational Efficiency - The Quadrans units are designed to be robust and maintenance-free, ensuring consistent performance in demanding marine environments and minimizing downtime during power cycles or disruptions [2] - Local technical support from Exail in Brazil ensures seamless integration of the AHRS system, aligning with Petrobras' high operational standards [4][9] Strategic Importance - This initiative is part of Petrobras' broader strategy to enhance offshore capabilities and drive innovation while maintaining high safety and efficiency standards [5] - The deployment of precision navigation tools like Quadrans AHRS is expected to play a vital role in the success of Petrobras' expanding operations in challenging marine environments [5]