Pre-Salt

By 2031 PPSA estimates it will raise around US$ 116 billion from the sale of oil from the Union

A study released on November 24 estimates the production of 8.2 billion barrels of oil under a Production Sharing regime in 10 years; Of this total, 1.5 billion barrels of oil are destined for the Union

T&B Petroleum/Press Office
02/12/2021 14:55
By 2031 PPSA estimates it will raise around US$ 116 billion from the sale of oil from the Union Imagem: Divulgation Visualizações: 2865 (0) (0) (0) (0)

Pre-Salt Petróleo (PPSA) estimates to raise around US$ 116 billion, between 2022 and 2031, with the sale of 1.5 billion barrels of oil that the Union will be entitled to in the Production Sharing contracts. The projection was released by the company's CEO, Eduardo Gerk (photo), this Wednesday morning (24), at the opening of the 4th Pre-Salt Petroleum Technical Forum and is part of the new edition of the study “Results Estimates in Production Sharing Contracts”, produced annually by the company. The work considers the contracts in force and the Atapu and Sepia Fields, which will be tendered on December 17 in the Second Round of Surplus Volumes of the Transfer of Rights.

 

According to the study, in the next ten years, 8.2 billion barrels of oil should be produced under a Production Sharing regime. In 2031, the daily average production of all contracts will be approximately 3.5 million barrels per day (bpd), equivalent to two-thirds of the national production estimated by the Energy Research Company (EPE) for that year. In 2022, the first year of the period analyzed in this edition of the study, the Union's share of oil will be 24,000 bpd. As early as 2031, production is estimated at around one million barrels per day.

 

“Today, four contracts are in production and, in September, our last figure, the Union's share was 11 thousand barrels of oil per day. We're talking about having a million barrels a day in ten years. And most importantly: the study predicts that 70% of the production accumulated until 2031 will come from areas that already have a declaration of commerciality. The scenario is very promising”, says Gerk.

 

The study also projects that by 2031 the Production Sharing contracts will generate a collection of US$ 92 billion in royalties and US$ 77 billion in Corporate Income Tax (IRPJ) and Social Contribution on Net Income ( CSLL). Adding the prospect of a collection of US$ 116 billion from the sale of the Union's portion of oil, the total estimated revenue for the public coffers is US$ 285 billion in 10 years.

 

Investments 

For the development of activities in the Pre-Salt Polygon, investments of US$ 99 billion are planned until 2031. Of this total, US$ 33 billion will be invested in production platforms; $37 billion in wells; and $29 billion in subsea systems.

 

In all, it is estimated that 27 FPSOs (platform vessels) and 416 wells will be contracted.

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