Synthetic Lubricants

Búzios V (Búzios-5) Subsea Development Project is the fifth development phase of the Búzios pre-salt oil field, located in the Santos Basin offshore Rio de Janeiro, Brazil. Operated by Petrobras, the project involves the development of a subsea production system connecting 15 wells to the FPSO (Floating Production, Storage and Offloading) Almirante Barroso.

Located onshore Libya, the Abu Attifel and NC 125 fields are active in conventional oil production. Their peak production occurred in 1994, having already recovered 92.14% of their total recoverable reserves. Economic projections indicate that oil extraction will continue until these fields reach their economic limit by 2046. Presently, these fields contribute approximately 5% to Libya’s daily oil output.

The project involves upgrading the Reactor and Regenerator sections of the FCC Unit at Lukoil’s refinery in Bulgaria. This upgrade will boost the unit’s efficiency, enabling it to process more oil and produce higher-quality products. Additionally, it sets the stage for Lukoil’s future investments in the refinery, positioning the company for long-term success in the industry.