After 4D Seismic Mapping at the Frade Field, Chevron Discovers Productive Potential in the Asset and Will Open Service Window
[supsystic-social-sharing id=’1′]Chevron, a global oil and gas multinational, is finally launching a major bidding process in Brazilian waters to carry out operations to drill and complete wells located in the Frade Field in the Campos Basin. Initially, the project envisions the design of 6 wells, and at this moment, the company is mobilizing to evaluate third-party firms for service provision.
After the spills that occurred in the field between 2011 and 2012, production was halted for over a year at the site and until then, it had not seen any development due to this event. With new local content policies and reduced government taxes, Chevron felt comfortable injecting capital, consequently generating jobs for industry professionals and other segments indirectly.
Chevron utilized technological seismic apparatus from Ocean Bottom, but they were installed by Fugro. These equipment successfully allowed the evaluation and 4D mapping of the hydrocarbon deposits in the location, proving potential. Additionally, there are Christmas Trees connected to production pipelines on an FPSO at the site. Chevron’s stake in this field is majority, holding 51.74%, followed by Petrobras with 30% and Frade Japan with 18.26%.
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