OTC 2022: Petrobras to highlight deepwater, emissions reductions progress

May 2, 2022
Petrobras will showcase how it has lowered CO2 emissions from its presalt fields offshore Brazil at OTC this week.

Offshore staff

HOUSTON — Petrobras will showcase how it has lowered CO2 emissions from its presalt fields offshore Brazil at the Offshore Technology Conference (OTC) this week.

According to the company, the global field average is 17 kg of CO2 per barrel produced, compared with 10 kg/boe for the presalt (Tupi and Búzios fields).

Petrobras will outline advances delivered by its carbon capture, utilization and storage (CCUS) program, which it claims is the largest in the deepwater industry.

One of the company’s engineers will receive the OTC Emerging Leaders award.

Gabriel Serrão Seabra is being recognized for leading work on Petrobras' program CÉOS, focused on the development of oil reservoir models, with the assistance of artificial intelligence and augmented reality. The goals are to expand the incorporation of reserves, while at the same time reducing risks and costs.

At 9 a.m. Tuesday, May 3, Eduardo Bordieri, executive manager of strategy, will present "The Campos Basin Case: Unlocking Value from Mature Offshore Brazilian Assets."

The speech will detail investments planned by Petrobras for the basin, where three new platforms and more than 100 new wells should be added over the next five years. The company aims to increase production in the area in up to 900,000 boe by 2026.

At 2 p.m. Tuesday, Rafael Chaves will participate in the "Accelerating the Energy Transition: Highlighting Developments in Brazil and Argentina" panel. His speech will cover the relevance of low-carbon oil and gas to the reduction of emissions.

Around the same time, João Henrique Rittershaussen, Petrobras' production development director, and executives from bp, Equinor, Schlumberger and IHS Markit will participate in the "Shifting to a Low-carbon Offshore Industry" session.

Petrobras will present its current results in decarbonization and the technological solutions the company has implemented to drive this proves forward.

Finally, at 9 a.m. Wednesday, May 4, Bordieri returns to join the Bratecc Offshore Breakfast 2021, presenting "Petrobras Perspectives on O&G Double Resilience."

He will highlight the company's strategy of focusing on economically and environmentally projects in deep and ultradeep waters, and he will detail its expectations for deepwater production over the next five years.