OTC Brasil 2013 – Petrobras Geology & Geophysics Expertise
During the OTC Brasil 2013 there were daily panel session, which covered some interesting themes. On Wednesday, October 30th, the panel session: Perspectives on E&P in the South Atlantic, had as one of its panelists Petrobras’ E&P Director, José Miranda Formigli Filho, known throughout Brazil simply as Formigli. According to Formigli, Petrobras’ knowledge of geology and geophysics (G&G) was vital for the national operator to meet the technological challenges and reach its exploratory success in deepwater pre-salt and post-salt E&P. Formigli estimated that by 2020 the pre-salt production will represent 50% of Petrobras’ output with the potential to reach some 31 billion barrels boe. By 2035, some 39 million barrels per day of new crude oil supply will be needed.