Buzios II (Franco) 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 BM-S-11 and Buzios, with water depth of 6,639 feet. Buy the profile here.
Field participation details
The field is owned by China National Offshore Oil, China National Petroleum and Petroleo Brasileiro.
Production from Buzios II (Franco)
The Buzios II (Franco) conventional oil field recovered 24.58% of its total recoverable reserves, with peak production in 2021. The peak production was approximately 145.46 thousand bpd of crude oil and condensate and 5.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2054. The field currently accounts for approximately 4% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 551.52 Mmboe, comprised of 535.96 Mmbbl of crude oil & condensate and 93.36 bcf of natural gas reserves. Buzios II (Franco) conventional oil field reserves accounts 0.12% of total remaining reserves of producing conventional oil fields globally.
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 II (Franco) Conventional Oil Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
