Petrobras Begins Drilling the Pitu Oeste Well on the Equatorial Margin – Brazilian Oil Company

Written by Paulo Nogueira

Published on 23/12/2023 at 10:36

Foto: Acervo Foresea – Todos os direitos: Petrobrás

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Survey on Saturday (12/23) for Oil Operation License in Deep Waters. Economic Viability and Socioeconomic Development.

Petrobras started, last Saturday (12/23), the drilling of the Pitu Oeste well (RN), marking the resumption of the company’s oil and gas exploration in the Equatorial Margin, a region that extends along the Brazilian coastline from Rio Grande do Norte to Amapá. The drilling of the well, in the BM-POT-17 concession, located 53 kilometers off the coast of Rio Grande do Norte, is expected to last from 3 to 5 months.

Through the drilling of the Pitu Oeste well, Petrobras will obtain more geological information about the area, which will allow for the confirmation of the extent of the oil discovery already made in 2014 at the Pitu well. The Brazilian oil company is quite optimistic about the expected results, which could strengthen its position in the market.

Petrobras Receives Operation License from IBAMA

The Brazilian oil company, known as Petrobras, received from IBAMA, in October of this year, the operation license for the drilling of two oil and gas research wells in deep waters in the Potiguar Basin, in the Brazilian Equatorial Margin. Petrobras intends to contribute to the socioeconomic development of the region, without forgetting the importance of being part of the efforts to promote national energy security.

ARTICLE CONTINUES BELOW

Starting the Research

On Saturday (12/23), under the same environmental license, the company intends to drill the Anhangá well, in the POT-M-762 concession, located 79 km off the coast of Rio Grande do Norte state, near the Pitu Oeste well. The previously made oil discovery and the environmental license were essential for Petrobras to move forward with this research project.

Future Development

If the economic viability of the concession is confirmed, Petrobras will have to conceive and develop the entire operational structure for production. A new environmental licensing process specific to the production stage will be necessary. This is part of Petrobras’ commitment to ensuring sustainability and environmental preservation.

Investment and Strategic Planning

Petrobras’ Strategic Plan 2024-2028 includes an investment of US$ 3.1 billion for oil and gas research in the Equatorial Margin, where the company plans to drill 16 wells during this period. Petrobras is focused on boosting the exploration of natural resources sustainably, aiming for the country’s economic growth. The development of these resources is essential for national energy security and for Brazil’s socioeconomic progress.

Petrobras Begins Drilling the Pitu Oeste Well on the Equatorial Margin – Brazilian Oil Company

Survey on Saturday (12/23) for Oil Operation License in Deep Waters. Economic Viability and Socioeconomic Development.

Petrobras Receives Operation License from IBAMA

Starting the Research

Future Development

Investment and Strategic Planning

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Petrobras Begins Drilling the Pitu Oeste Well on the Equatorial Margin – Brazilian Oil Company

Survey on Saturday (12/23) for Oil Operation License in Deep Waters. Economic Viability and Socioeconomic Development.

Petrobras Receives Operation License from IBAMA

Starting the Research

Future Development

Investment and Strategic Planning

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A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

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