Petrobras aims to double current oil production by 2020 to reach 4.2 mb/d. In 2013 alone, nine platforms with a total production capacity of 1 mb/d will be delivered to Petrobras. The company has contracted 28 offshore drilling rigs for ultra deepwater. This equipment is being built in Brazil for the first time and deliveries will commence in 2015. Moreover, 49 transport ships have been commissioned to carry the oil to shore, 5 already delivered. Petrobras' proven reserves in Brazil are 15.7 billion barrels of oil equivalent (oil and gas) and discoveries could at least double over the coming years.
Petrobras is also planning to increase the production of oil products, including diesel, gasoline and jet fuel, from the 2.1 mb/d it currently produces to 3 mb/d in 2020. The Abreu e Lima refinery in Pernambuco, and the COMPERJ (Rio de Janeiro Petrochemical Complex) are largely responsible for the increase. The first train for the Abreu e Lima refinery is expected to start running in November 2014 and the second in May 2015. The first train for COMPERJ will start running in August 2016.
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