Franco Oil And Gas Field

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Brazil Oil & Gas Fields

Petrobras Oil & Gas Fields

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Summary Information

  • Operator: Petrobras
  • Country: Brazil
  • Location: 188 km off the city of Rio de Janeiro
  • Production start: 2015
  • Partners:
  • Type: Oil / Gas
  • Estimated Reserves: recoverable volumes of about 4.5 billion barrels
  • Production Volume:


  • Búzios field is some 200km off the coast of Rio de Janeiro, at a water depth that ranges from 1,600 to 2,100 meters. It was previously called Franco Oil And Gas Field
  • It is the second largest oil field in the presalt after Lula Oil Field
  • The field is to be exploited utilising the P 74 FPSO, which will be capable of producing up to 150,000 barrels/day and of compressing 7 million cubic meters of natural gas/day


  • Norberto Odebrecht / UTC Engenharia: FPSO hull conversion
  • Toyo: EPCI contract to install topsides units


  • 2010 - Franco Oil And Gas Field discovered
  • 2012 - Petrobras reported drilling of the first well
  • 2013 - Declaration of commerciality
  • 2015 - First oil from early production system


  • The oil bearing rock is 272 metres thick
  • The pre-salt reservoirs in this field contain good quality oil (between 26º and 28º API)


  1. Well 2-ANP-1-RJS has recoverable volume of 4.5 billion barrels
  2. Petrobras signs agreement to convert platform hulls for transfer of rights areas
  3. First test of Franco Indicates the capacity to produce 50,000 barrels / day
  4. Drilling of first well in Transfer of Rights area completed at Franco
  5. TOYO’s Brazil Affiliate Awarded FPSO Topsides Units
  6. Declaration of Commerciality of Transfer of Rights Areas Franco and Sul de Tupi
  7. Petrobras starts-up Early Production System on Búzios field in Transfer of Rights area

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