Oil - ANP Approves, And PetroRio Will Drill 4 Wells in the Frade Field, in the Campos Basin

Oil – ANP Approves, And PetroRio Will Drill 4 Wells in the Frade Field, in the Campos Basin

Written by Roberta Souza

Published on 26/06/2021 at 10:39

Plataforma de petróleo/ Fonte: Portos e Navios

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PetroRio Announces ANP Approval for Drilling Four Production Wells and Three Horizontal Injector Wells in the Campos Basin

Last Thursday (06/24), PetroRio presented a development plan for the Frade Field, approved by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). PetroRio’s plan provides for the drilling of four production wells and three horizontal injector wells in the Frade Field, located in the Campos Basin. See also: With ANP Approval, Enauta Takes Over Entire Operation in the Atlanta Field and Plans to Double Oil Production Capacity

The Plan Approved by ANP in the Campos Basin

The revised Development Plan for the Frade Field, located in the Campos Basin, will allow for the drilling of four production wells and three horizontal injector wells in the field. In the same decision, the ANP authorized the immediate resumption of water injection in two existing injector wells until the new injector wells commence operations (or for one year).

The first phase of the Frade Field Revitalization Plan will include the drilling of one production well and two injector wells, scheduled to begin between Q4 2021 and Q1 2022. After the completion of this phase approved by the ANP, PetroRio intends to start the development of Wahoo.

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Agency Approves Purchase of Wahoo and Itaipu Fields by PetroRio in Pre-Salt in the Campos Basin

Last week, PetroRio announced that the National Agency of Petroleum approved the assignment of 35.7% stakes in Block BM-C-30, or Wahoo Field, and 60% in Block BM-C-32 (or Itaipu Field) to PetroRio, making it the operator of both pre-salt fields located in the Campos Basin.

With the ANP’s approval, PetroRio becomes the operator of both fields located in the pre-salt. The company states that it expects to create a second production cluster by connecting Wahoo to Frade, “continuing the strategy of operational optimization of its assets.”

Also Read: New Agreement Signed Between ANP and Rio de Janeiro Government to Enhance Oversight of Oil and Gas Production

On Monday (06/14), the Government of Rio de Janeiro and the ANP – National Agency of Petroleum, Natural Gas and Biofuels – signed a cooperation agreement to enhance the oversight of royalty payments and special participations on oil and gas production in the state.

In a press release, the Government of Rio de Janeiro clarified that the agreement with the ANP defines parameters to improve the methodology for overseeing the compensatory revenues from oil and gas exploration in Rio. The State Department of Finance (Sefaz-RJ) estimates that the state of Rio de Janeiro may have lost around R$ 10 billion in special participation revenue over the last ten years.

The execution of the agreement between the ANP and the government of Rio de Janeiro fulfills a determination of the Federal Supreme Court (STF) and occurs amid the actions of the Parliamentary Inquiry Commission (CPI) established by the Legislative Assembly of the State of Rio de Janeiro (Alerj) in March regarding the drop in oil revenue collection recorded in early 2021. In the first two months, the state’s royalty and special participation collection totaled R$ 2.57 billion, about R$ 800 million less than that collected in the same period of 2020.

Oil – ANP Approves, And PetroRio Will Drill 4 Wells in the Frade Field, in the Campos Basin

PetroRio Announces ANP Approval for Drilling Four Production Wells and Three Horizontal Injector Wells in the Campos Basin

The Plan Approved by ANP in the Campos Basin

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Agency Approves Purchase of Wahoo and Itaipu Fields by PetroRio in Pre-Salt in the Campos Basin

Also Read: New Agreement Signed Between ANP and Rio de Janeiro Government to Enhance Oversight of Oil and Gas Production

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Oil – ANP Approves, And PetroRio Will Drill 4 Wells in the Frade Field, in the Campos Basin

PetroRio Announces ANP Approval for Drilling Four Production Wells and Three Horizontal Injector Wells in the Campos Basin

The Plan Approved by ANP in the Campos Basin

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Agency Approves Purchase of Wahoo and Itaipu Fields by PetroRio in Pre-Salt in the Campos Basin

Also Read: New Agreement Signed Between ANP and Rio de Janeiro Government to Enhance Oversight of Oil and Gas Production

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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Archaeologists discover Roman vase buried for over 2,000 years with more than 175 intact gold and silver coins, revealing a desperate strategy to protect wealth during the collapse of the Empire.

The government puts R$ 8.6 billion on the table to change the highway (BR) with 50 overpasses, 28 bridges, 4 tunnels, and 40 km of bike lanes in 180 km of historic duplication.

With 241 meters, 48 thousand tons, and a structure designed to accompany aircraft carriers at sea, the Chinese ship that refuels fleets in motion was born to push Beijing away from the coast and has become the hidden gear of its naval projection.