Buzios VIII (Franco) is a conventional oil development 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, lies in block Buzios, with water depth of around 6,890 feet. Buy the profile here.
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The project is currently in construction stage and is expected to start commercial production in 2026. The development cost is expected to be $5,731 m. The Buzios VIII (Franco) conventional oil development will involve the drilling of approximately 14 wells and includes FPSO and subsea trees.
Field participation details
The field is owned by Petroleo Brasileiro.
Production from Buzios VIII (Franco)
Production from the Buzios VIII (Franco) conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.
Contractors involved in the Buzios VIII (Franco) conventional oil field
Some of the key contractors involved in the Buzios VIII (Franco) project as follows.
Main EPC: Eni, Schlumberger, Subsea 7 and Hanwha
Other Contractors: Baker Hughes, Envision Energy, EIG Global Energy Partners, Estaleiros do Brasil and Cangzhou Longtaidi Pipe Technology
About Petroleo Brasileiro
Petroleo Brasileiro SA (Petrobras) an oil and gas company, with a focus on exploration and production, refining, energy generation, and trading. The company has a significant reserve base and has developed expertise in deep and ultra-deepwater exploration and production. Its main services include offshore drilling, production platforms, subsea vessels, and subsea hardware operations. The company collaborates closely with suppliers, universities, and research centers to develop its own technology for efficient deepwater operations. Its products and services are utilized across various industries. The company contracts engineering, procurement, construction, and installation (EPCI) for its entire business stream. 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 VIII (Franco) Conventional Oil Field, buy the profile here.
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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.
