Petroleo Brasileiro S.A. (Petrobras) announced Wednesday that it submitted the declaration of commerciality for the oil and gas accumulations of Sul de Guara, Nordeste de Tupi e Florim to Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP). These areas are part of the Transfer of Rights Agreement and are located in the Santos Basin presalt.
In the proposal sent to the ANP, the names suggested for the new fields were Sul de Sapinhoa (Sul de Guara), Sepia (NE de Tupi) and Itapu (Florim).
The volume of 1.214 billion barrels of oil equivalent contracted through the Transfer of Rights agreement for the three areas was confirmed in the exploratory phase. The pre-salt reservoirs in these fields contain good quality oil (between 26 degree and 29 degree API).
During the execution of the Mandatory Exploratory Plan, Petrobras collected 3D seismic data for all the areas, drilled 3 mandatory wells and 2 additional ones, with the aim of delimiting and characterizing the deposits’ reservoirs. In addition, the company conducted 3 formation tests and 1 extended well test to assess the reservoirs’ productivity.
The location of the new fields of Sepia and Itapu range from 115 miles (185 kilometers) to 162 miles (260 kilometers) offshore Rio de Janeiro state at water depths between 6,069 feet (1,850 meters) and 7,382 feet (2,250 meters). The Sul de Sapinhoa field is located some 199 miles (320 kilometers) off the coast of Sao Paulo state at a water depth between 7,283 feet (2,200 meters) and 7,382 feet (2,250 meters).
As disclosed in the company’s 2014-2018 Business and Management Plan, the areas of NE de Tupi (Sepia field) and Florim (Itapu field) will begin commercial production in 2018 and 2020, respectively. Petrobras is analyzing alternatives for the development of the Sul de Guara area (Sul de Sapinhoa field) and will announce the start date of production when its 2015-2019 Business and Management Plan is released.
The dates cited for the start-up of these new fields are under review and may be altered or confirmed when the Development Plan for each area is submitted to the ANP.
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