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With the new investment from BW Energy, the Golfinho Boost project aims to modernize the structure and increase oil production by more than 3 thousand barrels per day.
BW Energy has announced a new investment cycle in Brazil, focused on the development of the Golfinho field, in the Espírito Santo Basin. The initiative, called the Golfinho Boost project, foresees a total investment of US$ 107 million, with the objective of increasing operational efficiency, reducing costs and adding around 3.000 barrels of daily production. oil to national production from 2027.
After securing the extension of the Golfinho field operating license until 2042, BW Energy reaffirms its commitment to long-term development in the country.
The new project represents a strategic step that strengthens the company's presence in the Brazilian offshore energy market.
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BW Energy seeks more efficient production and new subsea equipment
BW Energy's plan includes a series of updates to the Dolphin course, such as replacing the gas lifting system with electric submersible pumps (ESPs), reactivating old wells, replacing umbilicals and improving field logistics.
With this, the company intends to increase recoverable reserves by up to 12 million barrels.
The FPSO Cidade de Vitória vessel, which has been operating in the Golfinho field since 2007, will be one of the major beneficiaries of the improvements.
With a storage capacity of 1,6 million barrels and daily production of over 100 barrels, the FPSO will be adapted to support the operational growth expected with the new investment.
Promising field with new opportunities
The acquisition of the Golfinho and Camarupim clusters by BW Energy in 2023 consolidated the company as the sole owner of the Golfinho field license.
Since then, the company has adopted measures to maximize the use of the asset, which currently has five underwater production wells and estimated reserves of 42 million barrels of oil. oil equivalent.
According to CEO Carl K. Arnet, the investment represents a fundamental step to strengthen BW Energy’s strategic position in Brazil.
“BW Energy continues to strengthen its position in Brazil through targeted measures at the Golfinho field to increase production, uptime and operational independence. The planned low-risk enhancements to the field’s assets and operations offer very attractive returns and should help unlock substantial long-term value creation for the company and its stakeholders,” he said.
Impacts on the sector and international expansion
The Golfinho field is a fundamental asset for the company portfolio. In addition to oil, the cluster includes the Canapu non-associated gas field and the BM-ES-23 block, with gas and condensate discoveries.
The extracted gas can be transported through the existing infrastructure to the Cacimbas gas treatment unit, expanding the region's energy integration.
While BW Energy is moving forward with its investment in Brazil, it is also focusing on the African continent. The company plans to drill the Kharas prospect within the Kudu license and is celebrating a recent oil discovery off the coast of Gabon.
