US EditionPetrobras Readies Next Buzios Platform After Record Output
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2 Articles
Petrobras Readies Next Buzios Platform After Record Output
Petrobras is closing out 2025 on a high note, preparing to launch yet another floating production unit at the massive Búzios oil field after setting multiple output records and raising shareholder payouts. The company has confirmed that the P-78 FPSO will begin producing in December, adding up to 180,000 barrels per day of new capacity at what is now the world’s largest producing oil field. The vessel arrived off Rio de Janeiro in late September…
Brazil boosts Buzios oil output, heightening risk of global glutBrazilian company Petroleo Brasileiro SA (Petrobras) is increasing output from its Buzios field despite falling global oil prices. Production has reached 1 million barrels per day, making Brazil the leader in output growth among non-OPEC countries.
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