Buzios ECO II is a producing conventional oil field located in ultra-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 Buzios, with water depth of 6,890 feet. Buy the profile here.

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Field participation details

The field is owned by China National Offshore Oil, China National Petroleum and Petroleo Brasileiro.

Production from Buzios ECO II

The Buzios ECO II conventional oil field recovered 16.19% of its total recoverable reserves, with peak production expected in 2024. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 3% of the country’s daily output.

About Petroleo Brasileiro

Petroleo Brasileiro SA (Petrobras) is an integrated oil & gas company. Its major businesses include exploration and production, refining, marketing, trade, and transportation of oil and gas. The company also conducts biofuel, natural gas, petrochemical, electricity, and chemical businesses, and oil product distribution. It is a major crude oil producer and refiner in Brazil and the South American continent. It also participates in the domestic power market through investments in thermoelectric power plants and renewable energy. Through its subsidiaries and affiliates, 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 Buzios ECO II Conventional Oil Field, buy the profile here.

This content was updated on 14 May 2024

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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.