Brazil’s oil and gas regulator, the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), has unified the Petrobras-operated Berbigão and Sururu fields in the pre-salt Santos Basin. The fields, part of concession BM-S-11A, will now report their production as a single unit. This change increases financial compensation obligations to the Brazilian government, reflecting the higher output classification of the merged fields. Additionally, the ANP’s decision incorporates the Transfer of Rights (ToR) areas in the Entorno de Iara Block, operated solely by Petrobras, though these areas remain exempt from special participation charges.
The Berbigão field hosts the P-68 FPSO, operational since 2019, located 230 kilometers off Rio de Janeiro in 2,280-meter-deep waters. The unit can produce 150,000 barrels of oil per day and compress up to 6 million cubic meters of gas daily. Petrobras is currently evaluating the ruling’s financial implications and potential adjustments within the consortium framework.
