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The Drilling of the Peduncle Well in the Sepia Field Region Brought Great Results for the Companies Petrobras and TotalEnergies. The Oil Companies Announced the Discovery of Oil Reserves in the Region and Plan to Use the Location for Future Explorations.
The national fuel market is now witnessing yet another discovery of oil reserves in Brazilian territory. Recently, the companies TotalEnergies and Petrobras announced the discovery of oil reserves in the Sepia Field region, located in the state of Rio de Janeiro. The drilling of the Peduncle Well was a success, and the location will be used for future exploratory campaigns by the companies, as it is in a co-participation area between the firms.
Drilling of the Peduncle Well Yields New Oil Reserves for Petrobras and TotalEnergies in the Sepia Field Region
The search for new areas for fuel exploration in the Fluminense region has been bringing great results to TotalEnergies.
The company announced, in partnership with Petrobras, the discovery of an oil reserve in the Sepia Field, located more than 250 km off the coast of Rio de Janeiro.
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The Peduncle Well, home to the oil reserve found by the companies, is located in the co-participation area of the Sepia Field.
It encompasses the Production Sharing Contract of the Surplus Volume of the Costly Assignment of Sepia, granted in December 2021 to Petrobras (30%), TotalEnergies (28%), QatarEnergy (21%), and Petronas (21%), with Pré-Sal Petróleo (PPSA) as manager.
Both companies have strong influence in the management of the location, as Petrobras is the major operator in the co-participation area of the field, with a 51.9% stake.
TotalEnergies holds a 19.2% stake, planning to leverage its presence in the sharing to launch future exploratory campaigns at the Peduncle Well.
Currently, the Sepia Field region has a total oil production of 170,000 barrels of oil per day.
With the new discovery by the oil companies, this number is expected to be significantly expanded over the coming years.
TotalEnergies States That Results from Drilling the Peduncle Well Exceeded Expectations and Will Bring Strong Contributions to the Company’s Future
Just a few months after TotalEnergies entered into the sharing regime for the management of the Sepia Field alongside Petrobras, it was surprised by the discovery of this oil reserve.
In this way, David Mendelson, Senior Vice President for the Americas at TotalEnergies Exploration & Production, emphasized that the news surprised the company and will contribute to the growth of the oil company in the national market.
“The resources confirmed by the Peduncle Well appear to exceed pre-drilling expectations and add to the potential for future development of the area. Thanks to its exceptional productivity and the innovative technologies used in its developments, these resources fit perfectly into TotalEnergies’ low-cost, low-emission oil portfolio,” he stated.
The drilling of the Peduncle Well took place in water depths of approximately 2,200 meters. Furthermore, according to the company, the net thickness of the oil column in the well is one of the largest ever recorded in Brazil.
Now, both companies are joining forces to continue exploration, with operations to characterize the reservoir and measure the extent of the discovery.
Learn More about TotalEnergies
Founded in 1924 to enable France to play a key role in the great oil and gas adventure, TotalEnergies has always been driven by an authentic pioneering spirit. It has discovered some of the most productive fields in the world. Its refineries have created increasingly sophisticated products, and its extensive distribution network has launched an ever-growing range of services.
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