1. Home
  2. / Oil and Gas
  3. / BW Energy’s Contract Extension For Operations At The Maromba Field, Located In The Campos Basin, Approved By ANP
Location RJ Reading time 2 min of reading

BW Energy’s Contract Extension For Operations At The Maromba Field, Located In The Campos Basin, Approved By ANP

Written by Kelly
Published on 31/08/2020 at 14:47
Extensão de contrato da BW Energy para operações no campo de Maromba, situado na Bacia de Campos, é aprovada pela ANP
FPSO Berge Helene da BW Offshore
Seja o primeiro a reagir!
Reagir ao artigo

BW Energy Campaign Plans to Drill Eight Wells in Maromba, in the Campos Basin, and Contract Will Be Extended for 27 Years, Expiring in 2060

The National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the extension of the concession contract for the Maromba field, an offshore asset in the Campos Basin, operated by BW Energy. The contract for its production phase will be extended for 27 years until 2060. The field development plan was submitted to ANP in December of last year and includes investments of US$ 716 million.

See Also Other News

The BW Energy campaign plans to drill eight wells in Maromba, in the Campos Basin. In the first phase of development, expected to occur between 2021 and 2026, it is estimated that six production wells and two injection wells will be drilled.

According to information from ANP, first oil is expected in May 2022, and peak production is forecast for 2023, where 29,000 bopd are anticipated, followed by 35,000 bopd in 2035. A recovery factor of 25% is estimated.

The asset in the Campos Basin is operated by BW Energy (95%) in partnership with Magma Oil (5%). According to the approved development plan, BW intends to use the FPSO Berge Helene, which has oil processing capacity and 268,000 m³/day of natural gas.

ANP Denies BW Energy’s Request for Royalty Reduction

ANP denied BW Energy’s (BW Offshore) request for a royalty reduction for Maromba. The agency claimed that the Campos Basin asset does not meet the criteria of resolution 749/2018, which encompasses the incentive for production in mature fields.

The Maromba field originates from block BC-20 awarded to Petrobras in Round Zero and is located in shallow waters south of the Campos Basin near the Peregrino and Papa-Terra fields, which are currently in production.

BW Energy is an oil and gas company focused on the growth, acquisition, development, and production of oil and natural gas fields. The company is present in the world’s major oil regions: Africa, the Americas, Asia, and Europe.

Kelly

Engenheira de Petróleo especialista em Eficiência Energética e pós-graduada em Engenharia Civil; Possui experiência em atividades na indústria petrolífera onshore. Entre em contato para sugestões de pauta, postar vagas de emprego ou proposta de publicidade em nosso portal.

Share in apps