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Petrobras Will Drill in Sagittarius

Written by Paulo Nogueira
Published on 05/03/2019 at 11:37
Petrobras perfuração Sagitário
Plataforma de perfuração SS-69 operando no campo de Lula na Bacia de Santos *** Local Caption *** Sonda de perfuração marítima
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The Brazilian State-Owned Company Petrobras Prepares an Appraisal Well in Search of More Advantages from the Pre-Salt of the Santos Basin

Petrobras plans to drill an appraisal well on the Sagittarius prospect in the second quarter, seeking more value from the pre-salt in the Santos Basin. The plans to drill again in Sagittarius were announced by Repsol, Petrobras’ main Spanish partner in Block S-M-623, along with the major Anglo-Dutch company Shell.

The Sagittarius well discovered in 2012 produced samples of light oil at a water depth of 1,873 meters, but due to inconclusive tests on the commerciality of the asset, it was ultimately postponed. The new appraisal program should include a new well test.

Repsol also referred to the expected production dates and volumes from the BM-C-33 authorization operated by Equinor, where the Pão de Açúcar, a large gas-rich oil field, is located.

In a long-term forecast, announced alongside its quarterly report, Repsol said it expects the first oil and gas from Pão de Açúcar between 2024 and 2026, and projected a net production of 45,000 barrels of oil equivalent per day from its 35% operating rights.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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