Tupi Accumulated Production Reaches 2 Billion boe

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Petrobras informed yesterday that the total production of the Tupi field reached 2 billion barrels of oil equivalent, in July 2020. It currently produces around 1 million bbl/day of oil through 9 FPSOs.

The asset – owned by Petrobras (65%), Shell (25%), and Galp (10%) – was acquired on the 2nd Bidding Round (2000) as the BM-S-11 block. The first well targeting pre-salt structures was drilled in 2005 and the first definitive infrastructure, Cidade de Angra dos Reis, came 5 years later.

Tupi started producing in April 2009 through the platform Cidade de São Vicente. Since then, Brazil has produced 12 billion boe – considering oil and gas – and Tupi was responsible for 17.5% of this total. Considering only 2020, Tupi was responsible for 35% of Brazil’s production.

Looking at one of our dashboards we can see that most platforms saw little to no impact due to the COVID-19 pandemic and kept producing close to maximum capacity. Injection levels are proportionally bigger on the Cernambi reservoir, but still below production looking at the field as a whole.

Earlier this year, Petrobras started the licensing process for multiple FPSOs, including one for the revitalization of Tupi, expected to commence in 2026.

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