ExxonMobil Brasil and partners Equinor (operator), Petrogal Brasil and PPSA have kicked off oil production at the Bacalhau field, marking its first upstream output in Brazil and a major step in the company’s global deepwater expansion.

A first for ExxonMobil

“Bacalhau is a significant milestone for ExxonMobil,” said Dan Ammann, president of ExxonMobil Upstream Company. “It marks our first upstream production in Brazil after more than 110 years doing business in the country. With recoverable reserves exceeding 1 billion barrels and a production capacity of 220,000 barrels per day, Bacalhau is a world-class development and a key investment in our future.”

Deepwater, deeper impact

Bacalhau sits 185 km off the coast in water deeper than 2,000 meters.

The field is developed using one of the world’s most advanced floating production, storage and off-loading vessels, equipped with:

• High-pressure gas compression
• Combined cycle power generation
• 220,000 barrels/day production capacity

What to know

• First greenfield pre-salt development in Brazil by an international operator
• Phase 1 reserves: more than 1 billion barrels of oil equivalent
• Discovery well drilled in 2012; Equinor became operator in 2016
• Partners: ExxonMobil Brasil (40%), Equinor (40%), Petrogal Brasil (20%)
• PPSA is the Government PSA Manager
• ExxonMobil Brasil will be responsible for offloading and transporting our crude share

What’s next

First oil from Bacalhau represents a strategic milestone for Brazil, driving technological development and strengthening the country’s energy industry.

This offshore project opens a new chapter in the pre-salt’s contribution to economic growth.

It strengthens ExxonMobil’s position in one of the world’s most prolific deepwater basins and sets the stage for future growth in Brazil’s frontier exploration space.
Source: Exxon Mobil Corporation