Investments in production development are estimated at US$ 93 billion, according to Pré-Sal Petróleo (PPSA)
Pré-Sal Petróleo (PPSA) estimates that the development of 22 of the 23 production-sharing contracts and three production individualization agreements in which the federal government has a stake—all currently in place—may require the chartering of18 production platforms(FPSOs) with a capacity of up to 225,000 barrels per day by 2033.
– Investments in production development are estimated atUS$93 billionbetween 2023 and 2033, ranging from the construction of302production and injectionwellsto new facilities.
– The projections were updated this month and will be discussed in detail atthe 6th PPSA Technical Forum, which is taking place this Wednesday (Nov. 21) and will be streamed on the epbr agency – follow all the live streams here.
Total production under the production-sharing agreement is expected to peakat 2.3 million barrels of oilper day in 2029. The federal government’s share of oil production, meanwhile, could reach 920,000 barrels per day in 2031.
– Over the next ten years, cumulative production could reach6.5 billion barrels, with 1.3 billion barrels allocated to the federal government by 2033.
Based on current oil price projections, revenue from sales by PPSA could reachR$ 462 billionduring the period, in addition toR$ 373 billioninroyaltiesandR$ 315 billion in federal taxes.
- View thefull text (.pdf)of the investment and revenue projections
Check out the full article on the EPBR website by clicking HERE.
