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Shell makes pre-salt discovery in the Santos Basin

Written by Paulo Nogueira
Published 22/11/2019 às 12:32

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Shell makes pre-salt discovery in the Santos Basin
shell, engineer, oil, rio de janeiro

Discovery is in the pre-salt of the Santos basin in the Alto de Cabo Frio Oeste block, whose drilling was started with Constellation's Brava Star rig

Shell found traces of hydrocarbons in the Alto de Cabo Frio Oeste block, in the Santos Basin pre-salt. The discovery was made by well 1-SHEL-31-RJS, whose drilling began just over a month ago, with Constellation's Brava Star rig, in a water depth of 1,720 m. Colombian Ecopetrol buys 30% of Gato do Mato from Shell in the pre-salt.

In September of this year, the oil company received a license to drill up to three exploratory wells in the Alto de Cabo Frio Oeste block. The deadline for completing its first exploratory phase expires in January 2025.

At the time, the consortium formed by the Anglo-Dutch company (55%), the Chinese CNOOC (20%) and QPI Brasil (25%), from Qatar, won the auction for the area, presenting an offer of 22,87% in surplus oil for the Union, a minimum percentage established by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), in the tender notice. The group also disbursed R$350 million in signing bonuses for the block.

Including Shell's discovery, the number of wells for which signs of oil and/or natural gas were found in the country in 13 reached 2019.

On the list are discoveries in two other production sharing areas: Peroba, operated by Petrobras, and Norte de Carcará (Equinor).

In addition to the Alto de Cabo Frio Oeste block, in the Santos Basin, Shell It also acquired other blocks as operator in sharing rounds: Sul do Gato do Mato, where it has already drilled a well, and Saturno, where it should start a campaign in 2020.

Expectations

The company's expectations for Brazil are positive. In a conference with analysts on January 31 of this year, Shell CEO Ben van Beurden stated that he is willing to take more risks in the country.

“Brazil is in the top three most important countries for us in terms of value and cash flow. We are extremely happy with our position,” said Beurden.

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Paulo Nogueira

An electrical engineer graduated from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), I worked for several years in the areas of offshore oil and gas, energy and construction. Today, with over 8 publications in magazines and online blogs about the energy sector, my focus is to provide real-time information on the Brazilian employment market, macro and micro economics and entrepreneurship. For questions, suggestions and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes for this purpose.

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