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PetroRio announced ANP approval for the drilling of four production wells and three horizontal injection wells in the Campos Basin
Last Thursday (24/06), PetroRio presented a development plan for Campo de Frade, 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 injection wells in Campo de Frade, located in the Campos Basin. See also: With ANP approval, Enauta takes over the entire operation at the Atlanta Field and plans to double oil production capacity
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The plan approved by the ANP, in the Campos Basin
The revised Development Plan for Campo de Frade, located in the Campos Basin, will allow for the drilling of four production wells and three horizontal injection wells in the field. In the same decision, the ANP authorized the immediate resumption of water injection in two existing injection wells, until the start of operation of the new injection wells (or one year).
The first phase of the Frade Field Revitalization Plan will include the drilling of a production well and two injection wells, scheduled to start between 4Q21 and 1Q22. After the conclusion of this phase approved by the ANP, PetroRio intends to start the development of Wahoo.
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Agency approves the purchase of the Wahoo and Itaipu fields by PetroRio, in the pre-salt layer, in the Campos Basin
PetroRio informed last week that the National Petroleum Agency approved the assignment of 35,7% stakes in Block BM-C-30, or Campo de Wahoo, and 60% in Block BM-C-32 (or Campo de Itaipu) to PetroRio, which becomes the operator of both pre-salt fields, located in the Campos Basin.
With ANP approval, PetroRio becomes the operator of both fields, located in the pre-salt layer. The company states that it hopes to create a second production cluster by interconnecting Wahoo to Frade, “continuing the strategy of operational optimization of its assets”.
Read also A new agreement is signed between the ANP and the government of RJ to expand inspections of oil and gas production
On Monday (14/06), the government of Rio de Janeiro and the ANP – National Agency of Petroleum, Natural Gas and Biofuels – closed a cooperation agreement to expand the inspection of the payment of royalties and special participations on the production of oil and gas in the state.
In a press release, the government of Rio de Janeiro clarifies that the agreement with the ANP defines parameters to improve the inspection methodology for compensatory revenues from oil and gas exploration in Rio. The State Treasury Secretariat (Sefaz-RJ) estimates that the state of Rio de Janeiro may have lost around R$ 10 billion in the last ten years in the collection of special participations.
The execution of the agreement between the ANP and the government of Rio de Janeiro complies with a determination by the Federal Superior Court (STF) and takes place in the midst of the work of the Parliamentary Commission of Inquiry (CPI), established by the Legislative Assembly of the State of Rio de Janeiro (Alerj), in March, regarding the drop in the collection of revenues from the oil recorded in early 2021. In the first two months, the state collection of royalties and PEs totaled BRL 2,57 billion, about BRL 800 million less than that calculated in the same period of 2020.
