The Brazilian oil and gas group Petrobras has announced the start of production of its FPSO Almirante Tamandaré (Búzios 7) in the Búzios field, located in the pre-salt layer of the Santos Basin off Brazil. A total of 15 wells will be connected to the platform through a subsea infrastructure, enabling to produce up to 225,000 bbl/d of oil and to process up to 12 mcm/d of gas (4.4 bcm/year). Petrobras has already launched sixth production systems in the Buzios area, which is expected to become Petrobras' largest production field, targeting 1 mb/d in the second half of 2025 and 2 mb/d by 2030. The Búzios consortium is composed of Petrobras (operator), the Chinese partner companies CNOOC and CNODC, and PPSA,
In 2024, Petrobas’ oil and gas production declined by 3% in 2024 to 2.7 mboe/d, with 2.15 mboe/d of oil (-4%) and 0.51 mboe/d of gas (-2%). The production volume in pre-salt represents 81% of the total production in 2024 (1.8 mboe/d).