Petrobras Relocates P-71 from Tupi to Itapu

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Petrobras announced yesterday that the platform P-71, formerly designated to take part in the revitalization process of Tupi, will instead serve as the long-term infrastructure for Itapu. With that, the company also announced the bidding for Itapu’s platform – which has been postponed multiple times since last year – is therefore canceled.

This decision impacts the development process of both fields: Itapu should have its first oil earlier than previously expected, while the revitalization process of Tupi will be reassessed on a new Development Plan in 2021.

The platform P-71 is in the final stages of construction and has a production capacity of 150,000 bbl/day.

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