Middle East

Petrobras File Revised Tupi Development Plan

December 23, 2021

Credits: Luan / Adob ​​eStock

Brazilian oil company Petrobras, as the operator of the Tupi offshore field, has submitted a review of the Integrated Development Plan (PD) for the shared deposits of Tupi and Iracema to the Brazilian National Petroleum, Natural Gas and Biofuel Agency (ANP). region.

“In this revision, the Tupi Consortium proposes new investments to increase production and, as a result, maximize value generation in this area in the long run,” Petrobras said.

“The DP revision proposes to implement a resilient project at low oil prices with the aim of increasing the final recovery of the Tupi field. This initiative will bring Petrobras’ activities to deep and ultra-deep sea. It adheres to its strategy of concentrating on its assets. It has been highly competitive over the years, producing higher quality oil and reducing greenhouse gas emissions. “

The Tupi Consortium consists of Petrobras (67.216%), Shell (23.024%), Petrobras (9.209%) and PPSA (0.551%).

https://www.oedigital.com/news/493066-petrobras-files-revised-development-plan-for-tupi-and-iracema-fields Petrobras File Revised Tupi Development Plan

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