LatinNews Daily - 29 September 2022

*Brazil’s state-controlled oil company Petrobras has announced that it has awarded Singaporean group Keppel Shipyard Limited a contract to build a new platform in its Búzios oil field, in the Santos Basin pre-salt area. Búzios, which is in Rio de Janeiro state, is one of Brazil’s most productive fields and is believed to be the largest deep water oil reserve in the world. The platform, known as P-83, will begin production in 2027 and will be able to produce up to 225,000 barrels per day (bpd). It will be built by shipyards in Singapore, China, and Brazil. “The P-83 is part of the company's new generation of platforms, with high production capacity and technologies to reduce carbon emissions,” Petrobras wrote in a statement. Today, the Búzios oil field has installed capacity for production of around 600,000 bpd.

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