Barracuda is a producing conventional oil field located in deepwater in Brazil and is operated by Petroleo Brasileiro. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block BR (Barracuda), with water depth of 3,451 feet. Buy the profile here.
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An expansion project is associated with the Barracuda, namely the Barracuda Revitalization Project. This project is currently in the feasibility stage, expected to start in 2028.
Field participation details
The field is owned by Petroleo Brasileiro.
Production from Barracuda
The Barracuda conventional oil field recovered 80.83% of its total recoverable reserves, with peak production in 2006. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043. The field currently accounts for approximately 1% of the country’s daily output.
Contractors involved in the Barracuda conventional oil field
The key contractors involved in the Barracuda project as follows.
Other Contractors: PGS
About Petroleo Brasileiro
Petroleo Brasileiro SA (Petrobras) an oil and gas company, with a focus on exploration and production, refining, energy generation, and trading. The company has a significant reserve base and has developed expertise in deep and ultra-deepwater exploration and production. Its main services include offshore drilling, production platforms, subsea vessels, and subsea hardware operations. The company collaborates closely with suppliers, universities, and research centers to develop its own technology for efficient deepwater operations. Its products and services are utilized across various industries. The company contracts engineering, procurement, construction, and installation (EPCI) for its entire business stream. Petrobras markets its products in North America, South America, Africa, and Asia. Petrobras is headquartered in Rio de Janeiro, Brazil.
For more details on the Barracuda Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
