Petrobras reports that it has signed an extension of the concession contracts for the Marlim and Voador fields with the Brazilian National Petroleum Agency (ANP) until 2052. The Production Phase of the field was extended in line with Resolution 2/2016 issued by the National Energy Policy Council (CNPE), which authorised the Agency to extend the concession agreements entered into in Round Zero, in 1998. The contracts were originally due to expire in 2025.

The purpose of Petrobras with this extension is to ensure the maximum use of existing reserves using revitalisation projects in these fields that provide for the installation of two new platforms, along with expanding the water injection and fluid processing capacity and by drilling ten new wells.

In March, the Marlim and Voador fields produced 150,000 barrels of oil and 2 million cubic meters of gas per day.

Tags: Petrobras