Eneva and Alvopetro Notify ANP About Natural Gas Reserve in the Parnaíba and Recôncavo Basins After Drilling Wells in the Area

With the Discovery of Natural Gas Reserves Made After Drilling Wells in the Parnaíba and Recôncavo Basins, Eneva and Alvopetro Now Meet with ANP to Discuss Possible Exploration of the Resource to Expand the Segment in Brazil

The companies Eneva and Alvopetro informed the National Petroleum Agency (ANP), during last Friday, (04/22), about the existence of a natural gas reserve in the Parnaíba and Recôncavo basins, after drilling wells in the regions and now intend to invest in the expansion of the market for this fuel by leveraging this new exploration well. 

Video: Learn More About the History of the Parnaíba Complex

Well Drilling in the Parnaíba and Recôncavo Basins Indicates Presence of Oil Reserve to Be Leveraged by Eneva and Alvopetro

After a long week of tests and inspections at various onshore drilling sites, Eneva, along with Alvopetro, discovered the existence of natural gas in wells in the Parnaíba and Recôncavo basins. Thus, the company notified the ANP that the well discovered a net pay (producing layer) of natural gas of 25 meters, with an average porosity of 8.2%, and that it will now proceed to the next tests aiming for a possible exploration of the resource on site. 

The drilling of well 182-C1, in block REC-T-182, occurred at a depth of 2,936 meters and was essential for the discovery of the natural gas reserve at the site, as Eneva has been increasingly seeking new exploration points for the resource in Brazil and now the wells may become some of them. In addition, the field development plan should arise as soon as the company proves to the ANP the existence of this resource in abundance with the new tests.

Thus, Alvopetro’s CEO, Corey Ruttan, commented on the new expectations for the future of the market for natural gas in Brazil and how the discovery of this reserve in the drilling of the wells could be important for the development of new ventures in the segment. The executive also stated that “The preliminary results of the drilling of our well 182-C1 represent the first successful step in our organic growth strategy to expand our natural gas business in Brazil. Currently, we are increasing the capacity of our gas processing unit and we expect to test this well.”

Eneva and Alvopetro Will Continue with New Tests and Studies at the Natural Gas Wells After the Successful Drilling Conducted in Recent Weeks

After the start of tests at the drilling wells to find natural gas, the companies will continue with the processes according to ANP regulations, and thus, Alvopetro will mobilize the drilling rig to a next exploration site, well 183-B1, which is expected to be drilled in May to begin resource exploration at the site over the coming months of the year.

In addition to Alvopetro, Eneva is also mobilizing to expedite the process and begin the exploration of natural gas and stated that it found indications of natural gas in onshore well 3-ENV-32D-MA, an area located within block PN-T-102A, whose first exploratory period will end in November 2026. Now, it needs to await all ANP bidding processes to be able to continue with the studies, tests, and finally, the exploration of natural gas. 

The companies’ studies and the discovery of possible new natural gas reserves in Brazil could contribute to an even greater expansion of the market for this product in the country, with new perspectives for exploration and commercialization of the fuel in national and international markets over the coming years.