Petrobras reports that it started production of Búzios field, in the pre-salt of the Santos Basin, by means of platform P-74. Búzios is the first field in production under the Transfer of Rights regime.

P-74 is located about 200 km off the coast of the state of Rio de Janeiro, at a water depth of 2,000 meters and is the thirteenth platform to go into operation in the Brazilian pre-salt.

Due to the high production potential of Búzios, in addition to P-74, four more platforms will be allocated to this field between 2018 and 2021, each with a capacity to process up to 150 thousand barrels of oil and 6 million cubic meters of gas daily.

Búzios is one of the main pre-salt projects of the company and will contribute to the increase of Petrobras’ production under the 2018-2022 Business and Management Plan.

About Petrobras

We have upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.

We have built a track record of overcoming challenges since 1953, when the company was created. The main one was developing technology to explore and produce oil in deep and ultra-deep waters, where upwards of 90% of our reserves are nestled. With innovation and daringness, we are now the Brazilian company that makes the applies for the most patents in Brazil and abroad.