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Regarding the Expansion in the Oil Market, Karoon Reported That Well PAT-2, One of Two New Producing Wells Drilled in the Patola Field in the Santos Basin, Started Operations Last Wednesday (15), with a Production of 12,000 to 14,000 Barrels per Day.
The Well in the Patola Field in the Santos Basin Has a Subsea and Umbilical Connection with the FPSO Cidade de Itajaí. The Second Well, PAT-1, Is Expected to Start Production by the End of March 2023.
Production from the Patola Field in the Santos Basin Is Expected to Remain Stable in the Coming Months
After an Initial Period of High Production Over Several Days, the Production from the Two Wells in the Patola Field in the Santos Basin Is Expected to Stabilize at Approximately 10,000 to 15,000 bopd, Raising the Total Production from BM-S-40 to Over 30,000 bopd Before Start-Up.
Depending on How the Reservoir and the Aquifer Respond, One of the Two Future Production Wells May Be Diverted for Water Injection, and Any Associated Gas from Patola Will Be Re-Injected into the Baúna Reservoir via the Gas Injector SPS-89.
Learn More About the Patola Field in the Santos Basin
The Patola Oil Field Was Discovered by Petrobras in 2011 Through the Exploratory Well SPS-91. In This Field, Oil with an API of 38 Degrees Was Found in the Same Turbiditic Sandstone of the Oligocene Found Near Baúna and Piracaba, with Similar Petrophysical Properties. The Field Is Located in Approximately 280 Meters of Water Depth. In June 2021, Eight Months After Acquiring the BM-S-40 Assets from Petrobras, Karoon Announced Its Decision to Continue Developing Patola.
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The next exploration auction in the pre-salt will offer 23 blocks in the Campos and Santos basins and may change the interest of oil companies in Brazil.
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The next exploration auction in the pre-salt will offer 23 blocks in the Campos and Santos basins and could change the interest of oil companies in Brazil.
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Red Sea, from biblical site to oil hope: South Korea reveals ambitious plan to create new oil routes through the Red Sea with the dispatch of 5 ships, agreements with 3 countries, and a focus on the strategic port of Yanbu.
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SISTAC expands contract with Petrobras for maintenance of platforms in the Santos, Campos, and Espírito Santo basins using ROV and specialized underwater operations.
Proven and Probable Reserves (2P) of Patola Were Updated from 1.7 MMbbl to 16.4 MMbbl as of December 31, 2022, Due to Better-Than-Expected Reservoir Quality in Wells PAT-1 and PAT-2. Julian Fowles (in the picture), CEO and Managing Director of Karoon, Said: “Reaching the First Production from Patola Is a Significant Milestone for Karoon and Follows a Successful Intervention in the Baúna Field. We Observed Very High Production in the First Patola Well, Expected to Drop to Rates Between 5,000 and 7,500 bopd in the Coming Days. This Is Karoon’s Initial Growth Program for the Field in Brazil and Has Been Delivered So Far Without Major Environmental or Safety Issues for the Region. The Efficient Execution of This Project Is a Testament to the Close Collaboration of Our Technical, Operational, and Commercial Teams in Brazil and Australia with Our Service Provider and with Altera & Ocyan, the Operator of the FPSO.”
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