By Brazil Stock Guide – Brazil’s National Oil Agency (ANP) authorized on Saturday (20) the beginning of operations of the FPSO P-78, a floating production, storage and offloading unit operated by Petrobras (PETR3, PETR4) at the Búzios field, located in the Santos Basin. The decision follows the regulator’s approval of the platform’s Operational Safety Documentation and confirmation that all operational safety requirements had been met.
According to ANP, the authorization also covered the approval of the project itself and the use of the unit’s measurement systems, as required under Brazilian regulation. The conditions assessed by the agency stem from a pre-operational audit conducted at the Benoni shipyard in Singapore between Monday (26) and Saturday (31) of May 2025.
In addition, ANP carried out a separate inspection of the FPSO’s measurement systems between Monday (17) and Friday (21) of March 2025, also at the Singapore shipyard, prior to granting the final authorization.
The FPSO P-78 has a production capacity of up to 180,000 barrels of oil per day and 7.2 million standard cubic meters of natural gas per day, reinforcing Búzios as one of Brazil’s most important pre-salt assets. Of this total gas output, about 3 million cubic meters per day will be supplied to the domestic Brazilian market.
The unit is equipped with a closed flare system designed to reduce emissions from gas burning, limiting the release of pollutants during offshore operations, according to the regulator.
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