Búzios oil field is a large ultra-deepwater oil field located in the

Santos Basin The Santos Basin () is an approximately large mostly offshore sedimentary basin. It is located in the south Atlantic Ocean, some southeast of Santos, São Paulo, Santos, Brazil. The basin is one of the Brazilian basins to have resulted from th ...

, about off the coast of

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

. Originally named Franco oil field, it was the second largest pre-salt find in the basin since 2007, behind

Tupi oil field The Tupi oil field (reverted from Lula oil field) is a large oil field located in the Santos Basin, off the coast of Rio de Janeiro, Brazil. The field was originally nicknamed in honor of the Tupi people and later named after the mollusc, how ...

, which holds between equivalent and is located just south of the Búzios oil field.

Etymology

The field was named after Búzios,

History

The field was discovered in May 2010 with an encounter of light oil which measured 30° API. The find was announced on May 14, 2010, however the Brazilian authorities claim the second well named

Libra Libra generally refers to: * Libra (constellation), a constellation * Libra (astrology), an astrological sign based on the star constellation Libra may also refer to: Arts and entertainment * ''Libra'' (novel), a 1988 novel by Don DeLillo Musi ...

proved to be even larger than Búzios oil field. Libra is located from Búzios and was drilled by

Petrobras Petróleo Brasileiro S.A., better known by and Trade name, trading as the portmanteau Petrobras (), is a Brazilian state-owned enterprise, majority state-owned multinational corporation in the petroleum industry headquartered in Rio de Janeiro. ...

, contracted by the Brazilian National Agency of Petroleum (ANP). It was also announced that Franco was not linked to Iara field located near the discovery. Búzios was owned by ANP, who paid Petrobras a total of $150 million to drill the well.

Reservoir

The region the reservoir is located in is wide and long. The pre-salt reservoir of the Guaratiba Group is located at a water depth of and under of overburden. The field is estimated to contain ,Buzios (formerly Franco) Field, Cessão Onerosa Region, Santos Basin, Brazil
/ref> down from an initial estimate of . The rock layer is thick which makes it less difficult for production. ANP official stated there was no

gas Gas is a state of matter that has neither a fixed volume nor a fixed shape and is a compressible fluid. A ''pure gas'' is made up of individual atoms (e.g. a noble gas like neon) or molecules of either a single type of atom ( elements such as ...

discovered in the prospect, making the field more profitable and easier to develop.

References

{{DEFAULTSORT:Buzios oil field Oil fields of Brazil Santos Basin Petrobras oil and gas fields

Etymology

History

Reservoir

See also

References