Petrobras hiring drilling rigs for onshore oil and gas wells again

By Petrobras

April 29, 2024

This is a machine translation of the press release originally published in Portuguese

Petrobras launched, on Friday (26/4), a bidding process to hire four large rigs, which will drill oil and gas production wells onshore (on land) in the fields of Araçás, Fazenda Azevedo, Massapê , Taquipe, Fazenda Boa Esperança, among others, in Bahia, and Rio do Urucu, Sudoeste do Urucu and Leste Urucu and Arara Azul, in Amazonas. The rigs to be hired can drill wells up to 4,000m deep.

The rigs are expected to begin operations in the second half of 2025. With this, Petrobras resumes the development of production of onshore fields in the states of Bahia and Amazonas, the first of which extracts the majority of oil and the second of gas.

“It is important for Petrobras to return to investing in profitable onshore oil and gas exploration projects. Thus, we were able to expand our portfolio, increasing production in a scenario with lower investment costs than offshore, but with an important return for Petrobras and Brazil”, said the director of Engineering, Technology and Innovation, Carlos Travassos.

The hiring is in line with the company's 2024-2028+ Strategic Planning, which foresees investment of up to US$1.7 billion in projects to develop the production and infrastructure of onshore oil and gas fields over the next few years.