Petrobras' (PBR) Buzios Field Achieves Production Milestone

Zacks04-19

Petrobras S.A. PBR-operated Búzios oil field, located in the Santos Basin offshore Brazil, has recently reached the new milestone of producing 1 billion barrels of oil (bbl) by the end of March this ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2428549017?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/65t_QIsU0.XvnpiX1tfopA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1ce3d05b093380241b1060b567fa2bb7","is_english":true,"pubTime":"2024-04-19 01:56","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2428549017","market":"us","top_or_hot":-1,"title":"Petrobras' (PBR) Buzios Field Achieves Production Milestone","media":"Zacks","content":"<div>\n<p>Petrobras S.A. PBR-operated Búzios oil field, located in the Santos Basin offshore Brazil, has recently reached the new milestone of producing 1 billion barrels of oil (bbl) by the end of March this ...</p>\n\n<a href=\"https://finance.yahoo.com/news/petrobras-pbr-buzios-field-achieves-175600842.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Petrobras' (PBR) Buzios Field Achieves Production Milestone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPetrobras' (PBR) Buzios Field Achieves Production Milestone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 01:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/petrobras-pbr-buzios-field-achieves-175600842.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Petrobras S.A. PBR-operated Búzios oil field, located in the Santos Basin offshore Brazil, has recently reached the new milestone of producing 1 billion barrels of oil (bbl) by the end of March this ...</p>\n\n<a href=\"https://finance.yahoo.com/news/petrobras-pbr-buzios-field-achieves-175600842.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4144","symbol_name":"石油与天然气的储存和运输","start_time":0,"source_url":"https://finance.yahoo.com/news/petrobras-pbr-buzios-field-achieves-175600842.html","article_id":"2428549017","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/65t_QIsU0.XvnpiX1tfopA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1ce3d05b093380241b1060b567fa2bb7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428549017","pubTimestamp":1713462960,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Petrobras S.A. PBR-operated Búzios oil field, located in the Santos Basin offshore Brazil, has recently reached the new milestone of producing 1 billion barrels of oil  by the end of March this year. PBR, the Brazilian state-run oil company, operates the Búzios field, together with Pré-Sal Petróleo , CNOOC and CNODC.In June 2023, the Búzios field recorded a production of 1 billion barrels of oil equivalent, which encompasses not only oil in barrels but also natural gas production converted to barrels of oil equivalent . The Búzios field is the largest ultra-deepwater field. The production milestone was achieved through the five operating units, the FPSOs P-74, P-75, P-76, P-77 and Almirante Barroso.With new production systems, PBR expects this figure to grow even further. The company plans to install new production systems in the next few years to ramp up the field’s capacity to reach around 2 million barrels of oil per day by 2030.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4144":"石油与天然气的储存和运输","AROC":"Archrock, Inc","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","PBR":"巴西石油公司","BK4548":"巴美列捷福持仓","SM":"SM Energy","HESM":"Hess Midstream Partners LP","BK4179":"石油天然气设备与服务","LU0106259046.USD":"施罗德拉丁美洲基金","LU0265266980.USD":"法巴巴西股票基金","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","BK4585":"ETF&股票定投概念","LU0072463663.USD":"Blackrock Latin American A2 USD","BK4201":"综合性石油与天然气企业","BK4588":"碎股","BK4213":"石油与天然气的勘探与生产","HES":"赫斯","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H"},"translate_title":"巴西国家石油公司（PBR）Buzios油田实现生产里程碑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HESM":1,"SM":1,"PBR":1,"HES":0.9,"AROC":0.9},"content_text":"Petrobras S.A. PBR-operated Búzios oil field, located in the Santos Basin offshore Brazil, has recently reached the new milestone of producing 1 billion barrels of oil (bbl) by the end of March this year. PBR, the Brazilian state-run oil company, operates the Búzios field, together with Pré-Sal Petróleo (PPSA), CNOOC and CNODC.\nIn June 2023, the Búzios field recorded a production of 1 billion barrels of oil equivalent, which encompasses not only oil in barrels but also natural gas production converted to barrels of oil equivalent (boe). The Búzios field is the largest ultra-deepwater field. The production milestone was achieved through the five operating units, the FPSOs P-74, P-75, P-76, P-77 and Almirante Barroso.\nWith new production systems, PBR expects this figure to grow even further. The company plans to install new production systems in the next few years to ramp up the field’s capacity to reach around 2 million barrels of oil per day by 2030.\nThe Búzios oil field commenced operations in 2018 and has delivered positive results since then, boasting the most productive wells in the country. Petrobras highlights that the reservoir’s thickness is nearly the same height as Sugarloaf Mountain, with its length being more than twice as long as Guanabara Bay. The field, located 180 km off the coast, operates at water depths exceeding 2,000 meters.\nIn 2020, Petrobras won the OTC (Offshore Technology Conference) Award for developing the set of technologies to make viable production in the Buzios field. The company’s unique and cutting-edge technology has not only increased the field's efficiency and production, but also reduced costs.\nZacks Rank and Key Picks\nCurrently, PBR holds a Zacks Rank #3 (Hold).\nSome better-ranked stocks in the energysector are Archrock Inc. AROC, SM Energy SM and Hess Midstream LP HESM. Archrock and SM Energy presently sport a Zacks Rank #1 (Strong Buy) each, while Hess Midstream carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nArchrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues.\nSM Energy is an upstream energy firm operating in the prolific Midland Basin region and the South Texas region. For 2024, the company expects its production to increase from the prior- year reported figure, signaling a bright production outlook.\nHess Midstream LP owns, operates, develops and acquires a wide range of midstream assets, providing services to Hess Corporation and other third-party customers. The partnership has a stable fee-based revenue model secured via long-term commercial contracts. Since Hess Midstream operates through 100% fee-based contracts, it is exposed to minimal commodity price risks.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPetroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report\nSM Energy Company (SM) : Free Stock Analysis Report\nArchrock, Inc. (AROC) : Free Stock Analysis Report\nHess Midstream Partners LP (HESM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428549017"}