English 
Spanish 
3 min read
Equinor and Petrobras join forces with Repsol Sinopec in a gigantic milestone in the oil and gas industry, discovering volumes exceeding one billion barrels of oil equivalent.
After awarding Archer a multimillion-dollar contract, , Repsol Sinopec Brazil has just announced, together with its consortium partners Equinor e Petrobras, monumental news that promises to shake up the oil and gas sector. The operator Equinor presented to the National Agency for Petroleum, Natural Gas and Biofuels (ANP) the Declarations of Commerciality for two extremely promising fields, located in the concession of block BM-C-33, in the pre-salt Campos Basin.
Located approximately 200 km off the coast of Rio de Janeiro, at depths of up to 2900 meters, these fields have recoverable volumes that exceed the mark of one billion barrels of oil equivalent. Although still awaiting regulatory confirmation, the proposed names for these underwater gems are Manta Ray and Spotted Ray.
Fuel for the Future: The Power of Natural Gas
The role of these fields in the evolution of Brazil's gas market cannot be underestimated. With an impressive flow of 16 million cubic meters of gas per day and projected average exports of 14 million cubic meters per day, Manta Ray e Painted Ray have the potential to meet up to 15% of the national gas demand or equal the average consumption of the state of São Paulo.
- $323 million oil rig runs aground after storm, video shocks offshore world in Tunisia
- Petrobras can celebrate! Exploration of new pre-salt layer that promises to yield BILLIONS of barrels of oil for the state-owned company should finally be authorized, says minister
- ExxonMobil celebrates Tenaris as Supplier of the Year 2024!
- Work on board or on land, in Macaé and Rio de Janeiro: on and offshore job openings today at Wood! The company is looking for professionals with intermediate, technical and higher education levels
The CEO of Repsol Sinopec, Alejandro Ponce, highlighted that “this project is strategic for the Repsol group on a global scale and reaffirms our commitment to an increasingly efficient and sustainable Brazilian market.”
Technological Innovations: FPSO and Sustainability
The fields will employ a Floating Production, Storage and Offloading Unit (FPSOs), the first in Brazil designed to specify gas for sale directly, without the need for onshore processing. This FPSO's daily production capacity is estimated at 126.000 barrels and 16 million cubic meters of gas, with expected average exports of 14 million cubic meters of gas.
Furthermore, the unit will use combined cycle gas turbines, which are significantly more efficient in reducing carbon emissions, contributing to a cleaner and more sustainable energy future.
Legacy and Economic Impact
With a planned investment of around US$9 billion and operations planned to begin in 2028, the Raia Manta and Raia Pintada fields promise to be a game changer in the Brazilian energy industry.
“These fields have enormous potential to accelerate a reliable energy transition, providing a cleaner, safer and more accessible source of energy, as well as generating more jobs and economic development for the region,” highlighted Andrés Sannazzaro, Gas Trading Manager at Repsol Sinopec.
Pioneering and Contribution to the Market
Operating for more than 25 years in Brazil, Repsol Sinopec is no stranger to the territory of innovation. Formed in 2010 as a joint venture between Spain's Repsol and China's Sinopec, the company has been one of the largest investors in the sector in Brazil over the last decade. In addition to the notable progress with the fields in BM-C-33, the company has been proactive in creating integrated Processing and Flow systems, demonstrating its commitment to the development of a competitive and sustainable market in the country.
The announcement of these new fields is another milestone in the successful trajectory of Repsol Sinopec and its partners, Equinor e Petrobras, further consolidating the importance of the pre-salt in the Brazilian energy matrix.
