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BW Energy contract extension for operations in the Maromba field, located in the Campos Basin, is approved by the ANP

Written by Kelly
Published 31/08/2020 às 14:47
BW Energy contract extension for operations in the Maromba field, located in the Campos Basin, is approved by the ANP
BW Offshore FPSO Berge Helene

BW Energy campaign provides for the drilling of eight wells in Maromba, in the Campos Basin and the contract will be extended for 27 years, expiring in 2060

The National Agency for 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 sent to the ANP in December last year and provides for investments of US$ 716 million.

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

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

The Campos Basin asset 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 m³/day of natural gas.

ANP denies BW Energy's request for royalty reduction

The ANP denied BW Energy's (BW Offshore) request to reduce Maromba's royalties. The agency claimed that the Campos Basin asset does not meet the criteria of resolution 749/2018, which includes incentives for production in mature fields.

The Maromba field comes from the BC-20 block awarded to Petrobras in Round Zero and is located in shallow waters to the south of the Campos Basin, close to 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 main oil regions of the world: in Africa, the Americas, Asia and Europe.

Kelly

Petroleum Engineer specialist in Energy Efficiency and postgraduate in Civil Engineering; She has experience working in the onshore oil industry. Get in touch for story suggestions, post job openings or advertising proposals on our portal.

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