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 Petroleo Brasileiro.
Production from Buzios II (Franco)
The Buzios II (Franco) conventional oil field recovered 18.55% 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 2064. 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 II (Franco) Conventional Oil Field, buy the profile here.