LONDON (Dow Jones Newswires), Oct. 19, 2011
A natural gas field discovered more than 30 years ago deep in Brazil's Amazon rain forest could finally be linked to the outside world, according to plans detailed by federal oil company Petrobras.
Petrobras, as the energy giant is also known, has won regulatory approval for a 140 kilometer pipeline from the Jurua natural gas
Senior management still needs to give its final approval for the project, but site planning is already under way and the pipeline is
Jurua and newer prospects in the remote rainforest region such as Chibata have become commercially viable since Petrobras completed a pipeline linking the 25-year-old Urucu field to Manaus, the capital of Amazonas state, in 2009. That pipeline had been delayed for years over cost and environmental concerns, and Petrobras examined a number of alternatives over the years, including transporting the gas by barge, before finally winning approval for a pipeline.
Now that Urucu is in place, Petrobras will use it as a hub to connect production at new fields that could significantly boost the 3 million
Tests on four renovated wells left from when Jurua was first discovered in 1978 on average produced between 600,000 and 800,000
Jurua is part of $3.4 billion which Petrobras will spend in an effort to tap reserves in this part of the Amazon, which were pegged at more than 800 million barrels of oil equivalent at the end of last year. The firm is carrying out early seismic surveys at some blocks in the Amazonas and Solimoes basins, and is drilling a second well at the Chibata oil discovery, about 34 kilometers from Urucu, Ferradans said.
Tests at the first Chibata well produced about 2,500 barrels of crude oil per day, about double the average production rate at Urucu's 60
Copyright (c) 2011 Dow Jones & Company, Inc.
Most Popular Articles
From the Career Center
Jobs that may interest you