Shell will begin drilling wells in ultra-deep waters in the Campos Basin, with completion scheduled for 2027

Announcement was given by Shell at the beginning of the week and exploration actions in the Campos Basin will start soon

Shell started drilling wildcat well 1-SHEL-35-RJS in block CM-659, located in the Campos Basin, according to information from the National Petroleum Agency, Natural gas and Biofuels (ANP). The operating well, called Suçuarana-1, is being drilled in a water depth of 2,9 meters.

According to the operating license issued by the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama), Shell will be able to drill up to six wells in the Campos Basin block, one firm well and five contingent wells. The license also authorizes the performance of up to four training tests on the CM-659.

The CM-659 well block in the Campos Basin was acquired in the 16th Bidding Round held in 2019 and is operated by the consortium formed by Shell (40%), Chevron (35%) and QatarEnergy (25%). The deadline for completing the exploratory phase is November 14, 2027.

Well to be explored by Shell in the Campos Basin was the only one so far

According to information from the ANP, so far, only this well has been drilled in the CM-659 block of the Campos Basin. As previously disclosed by PetróleoHoje, the well drilling campaign in the Campos Basin block will be conducted by the semi-submersible noble developer, from Maersk Drilling, which will also carry out intervention operations in wells at Parque das Conchas.

In the Campos Basin, Shell operates four blocks and five fields, including CM-659 (40%), CM-713 (40%), CM-757 (100%), CM-791 (40%), Abalone (50 %), Argonauta (50%) and Ostra (50%), which form the Parque das Conchas, in addition to Bijupirá (80%, currently in return) and Salema (80%).

In total, Shell has interests in 36 blocks in Brazil, including 19 in the Santos Basin, 10 in Barreirinhas, four in Campos and three in Potiguar. Regarding the fields under development, production and devolution, the company has a stake in 16 in the country, 11 in Santos and five in the Campos Basin.

About Shell

Shell is one of the world's largest energy companies, with a significant presence in all sectors of the energy industry, including oil and gas, renewable energy, lubricants and chemicals. Founded in 1907, the company has a long history of global operations and is recognized as one of the industry's leading companies.

Shell is headquartered in The Hague, The Netherlands and has operations in over 70 countries. The company employs approximately 90.000 people worldwide and is known for its presence in all stages of the energy value chain, from oil and gas exploration and production to refining, distribution and marketing of end products.

In the oil and gas industry, Shell is a leading exploration and production company, with operations in several countries, including Brazil, Nigeria, the United States, Canada and Australia. The company has a vast portfolio of assets, including oil and natural gas reserves, and is involved in large-scale projects such as deepwater oil extraction and shale gas production.