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Rosneft gains another four years of exploratory period and will carry out a mega campaign in the Amazon

Written by Paulo Nogueira
Published 18/11/2019 às 19:30

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Rosneft Oil Amazon

The company resumed operations in Amazonas in 2017, having drilled four new wells. The explored area has a reserve of 57 million tons of oil.

It was extended for another four years by the ANP, the second exploratory period of the seven oil blocks that Rosfnet operates in the Solimões Basin, in Amazonas. The oil company is one of the largest in the world in the field and has the Russian government as its largest shareholder. Constellation also starts drilling wells in the Amazon.

The Agency's management extended the exploration period, through the Russian company's commitment to an exploratory program that includes, among firm and contingent commitments, 13 new wells, 1280 km of 2D seismic and 120 km² of 3D seismic.

The company's commitment was in six new exploratory wells, in addition to the reprocessing of all 2D seismic already surveyed in the region of the Discovery Evaluation Plans (PAD) of wells 1-HRT-2-AM and 1-HRT-8-AM, that were unified, until January 31 of the next year.

The company will also drill two new wells and acquire 298 km of 2D seismic in the area of ​​the evaluation plans for wells 1-HRT-9-AM and 1-HRT-5/10-AM.

The forecast for the completion of activities is scheduled for September 24, 2022, when the Russian company will have to choose whether to drill up to four new wells and acquire new 338 km of 2D seismic data. If the company chooses contingent work, the deadline will be extended to October 2026.

Rosfnet needs to drill two new wells and acquire a firm 120 km² in the area of ​​the evaluation plans for wells 1-HRT-1-AM and 1-HRT-4-AM, which was also unified, by September 2023. If it decides to expand its work in the region of the plan, it will have to collect another 90 km of 2D seismic data and drill another exploratory well, in addition to reentering the 1-TAQ-1-AM well by January 2026.

The agency also approved the unification of the evaluation plans for the 1-HRT-3-AM and 1-MR-1-AM wells, which now provide for the commitment of two new exploratory wells and 360 km of firm 2D seismic by September 2024.

If you choose to do contingent work in the region, the Russian company will have until 2026 to survey another 194 km of 2D seismic data and drill two more oil wells, in addition to carrying out a formation test until December 2026.

In June, Rosneft signed a term of intent with the government of Amazonas declaring that operations in the Solimões Basin are priorities for the development of the state.

The company resumed drilling operations in the region in 2017, having drilled four new wells since then. The calculation is that the area explored by Rosneft has a reserve of 57 million tons of oil.

A oil company Russia took over the operation of the assets after buying the stake in partner HRT (which became PetroRio) and is looking for ways to develop gas discoveries in the region.

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Paulo Nogueira

With a technical background, I worked in the offshore oil and gas market for a few years. Today, my team and I are dedicated to bringing information from the Brazilian energy sector and the world, always with credible and up-to-date sources.

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