Equinor Starts Production at Bacalhau Field in Brazil’s Santos Pre-Salt

Overview

• Equinor says output will ramp toward about 220,000 barrels per day as Bacalhau moves to plateau.
• The company reports recoverable resources above one billion barrels of oil equivalent in a high-pressure reservoir more than 2,000 meters deep.
• The venture is operated by Equinor with a 40% stake alongside ExxonMobil Brasil at 40% and Petrogal Brasil at 20%, with PPSA managing the contract.
• Equinor projects roughly 50,000 jobs over a 30-year field life and characterizes production as lower in carbon intensity.
• The operator places Bacalhau within a Brazil investment plan totaling $25 billion through 2030.