On the first anniversary of production start-up at Brazil’s Bacalhau field, Equinor disclosed that the field has produced a cumulative 25 million barrels of crude oil and completed 25 crude oil offloading operations. The field is located in the pre-salt ultra-deepwater area of the Santos Basin and officially started production on October 15, 2025. As new production wells are brought online and commissioning work advances, field output has approached a stable production level, with plans to reach the design capacity of 220,000 barrels per day within 2026.
The Phase 1 development of Bacalhau involves an investment of approximately US$8 billion. Equinor is the operator and holds a 40% interest; ExxonMobil Brasil holds 40%, and Petrogal Brasil holds 20%. Pré-Sal Petróleo S.A. (PPSA) is responsible for managing the production sharing contract. The field is located about 185 km off the coast of Ilhabela in São Paulo State, with water depth exceeding 2,000 m. Phase 1 plans to deploy 19 production and injection wells, and engineering work related to the third injection well is currently underway. The project’s recoverable resources exceed 1 billion barrels of oil equivalent.
The associated FPSO Bacalhau is 370 m long and 64 m wide and uses a combined-cycle gas turbine power generation system, utilizing waste heat from the gas turbines for steam turbine power generation. Equinor disclosed that the facility’s CO2 emissions intensity per barrel of crude production is about 9 kg per barrel, below the global industry average of 17 kg per barrel cited by the company. The production facility is initially operated by MODEC, with operations planned to be transferred to Equinor later.
Since start-up, about 900 workers per day have been engaged in offshore production and related operations at the Bacalhau field, and approximately 3,000 helicopter flights have been carried out cumulatively for personnel transport and offshore operational support. The project has a planned production life of about 30 years, and Equinor expects the entire development and operating cycle to create about 50,000 jobs.
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Post time: Oct-19-2026