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The contract between Karoon and Maersk will be used by a platform for intervention in four oil wells, in the Baúna field, in the Santos Basin
Maersk Drilling, an offshore drilling contractor, signed a contract with Karoon Energy to carry out the intervention in four oil wells in the Baúna field, located in the Santos Basin. Maersk said the contract is expected to start in the first half of 2022 and will be valid for 110 days.
Contract between Karoon and Maersk
The total value of the contract is approximately US$34 million, including the costs of modifying and mobilizing the platform. The contract includes the option to increase the drilling time by up to 150 days, to carry out interventions in the Patola and Neon oil fields, also located in the Santos Basin.
Maersk Drilling COO, Morten Kelstrup, says they are delighted to sign the contract with Karoon. He also said that it will be the first time that a rig from the company will carry out offshore operations in Brazil. Morten also points out that they are eager to enter this offshore market and work with Karoon in the Baúna field, in the Santos Basin.
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Dr. Julian Fowles, CEO and Managing Director of Karoon Energy, said the company is pleased with the agreement between the two companies, and further states that he looks forward to working closely with Maersk Drilling.
Karoon acquires Petrobras oil field in the Santos Basin
In November last year, Karoon signed a contract with Petrobras for the purchase of the Baúna field, located in the Santos Basin, for US$ 285 million, which can be paid by 2026.
According to the state-owned company, Karoon paid US$ 150 million to complete the transaction, which was added to the US$ 49,9 million paid in July 2019, when the sale contract was signed. The remaining installments, estimated at around US$40 million, will be paid by Karoon over 18 months. Both parties agreed that Petrobras would receive the contingent part of the price before 2026, in the amount of US$ 285 million. The state-owned company added that, with this transaction, Karoon will become the operator of the concession with a 100% stake.
Campo de Baúna, in the Santos Basin
Campo de Baúna is located in the southern part of the Santos Basin. It originated from the former exploratory blocks SM-1288 and SM-1289, and was discovered by 1-BRSA-607-SPS (1-SPS-56) and 1-BRSA -658-SPS, in 2008. The oil well that is located in the Santos Basin, approximately 210 kilometers from the south coast of the state of São Paulo, with a water depth between 225 and 295 meters.
The Campo de Baúna collection system connects 6 oil producing wells, 3 water injection wells and 1 gas injection well to the FPSO, in the city of Itajaí. Oil flow is carried out through the outlet pump and floating hose connected to the pressure relief vessel. Most of the natural gas produced is reinjected into reservoirs in the concession area as a form of secondary recovery and consumed in the “gas lift” of its producing wells.
The semi-submersible platform that will operate in the Santos Basin
Maersk Developer is a dynamically positioned semi-submersible platform stabilized by DSS-21 columns, capable of operating in water depths of 10.000 feet. It was delivered in 2009 and is currently operating off the coast of Suriname. Soon, the platform will arrive in the Santos Basin to operate in the Baúna field.
