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Another Well Begins Production in Tubarão Martelo Under PetroRio’s Management, Producing 40% More Oil From The Asset

Written by Paulo Nogueira
Published on 19/08/2020 at 05:37
Updated on 19/08/2020 at 06:15
FPSO_OSX-3 PetroRio Petróleo poço
FPSO_OSX-3, PetroRio
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The Brazilian Oil and Gas Company PetroRio Initiated Production at the Fifth Well in the Tubarão Martelo Field, Offshore

PetroRio stated this Tuesday that the commencement of production at the well was part of a revitalization campaign for the field. The revitalization campaign consists of a workover at the TBMT-2HP well with the replacement of the submersible pump and the connection of a fifth producing well – TBMT-4HP – to the FPSO OSX-3 owned by PetroRio.

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In June 2020, Dommo Energia – then operator of Tubarão Martelo – announced positive results from the workover, which increased production levels in the field to around 7,000 barrels of oil per day.

As soon as the workover was completed, the connection of TBMT-4HP was made, resulting in initial production of approximately 3,000 barrels per day, thus bringing total field production to 10,000 barrels per day, or an increase of 40 percent compared to previous levels.

Map of Tubarão Field PetroRio FPSO
Tubarão Field – Courtesy of PetroRio

The company stated that the revitalization of mature fields has been a key part of PetroRio’s strategy and “plays an important role in the continuous reduction of the company’s extraction costs per barrel, in the ongoing increase of the recovery factor of the fields operated by the company, and in the continued extension of the economic life of its assets.”

Tubarão Martelo Tie-in to Polvo Field

The company estimates that the project investment will reach around US $ 45 million to be disbursed during the first half of 2021.

Furthermore, PetroRio expects to leverage the connection of the Polvo field to FPSO OSX-3 to make new investments for the connection of a sixth well – the TBMT-10H well – which may cost between US $ 20 million and US $ 25 million.

Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

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