Gulf Oil and Gas accountACCOUNT

Repsol Confirms Commercial Viability in the Guara Area

Source: www.gulfoilandgas.com 12/29/2011, Location: South America

Share |
Repsol Sinopec communicates that the Block BM-S-9 exploratory consortium, formed by Petrobras, operator (45%), Repsol Sinopec (25%) and BG Group (30%), has submitted the Declaration of Commerciality to the National Agency for Petroleum, Natural Gas and Biofuels (ANP) for the Guara area in the pre-salt area of Santos Basin.

The new field, named Sapinhoa, is another giant field in the pre-salt layers and one of the biggest in Brazil, containing good quality crude oil (30 degree API). The Declaration of Commerciality was brought forward one year, taking into account that the final deadline for the Evaluation Plan approved by the ANP was 31 December 2012. With a total estimated recoverable volume of 2.1 billion of barrels of oil equivalent (boe), Sapinhoa is another giant field discovered in the Brazilian pre-salt layers, and one of the biggest in the country. The excellent exploratory data obtained in the area reaffirms the high potential of the pre-salt area.

The consortium also submitted the Final Evaluation Report for the area to the ANP. The ANP will analyze the Development Plan (PD) in February 2012. The Declaration of Commerciality was issued following implementation of the Exploratory Evaluation Program in the area which begun when the first well was drilled in 2008.

Four wells were drilled in the area, including one dedicated to acquire reservoir data. In addition, four formation tests (DST) were conducted in three wells, as well as a five-month extended well test (EWT) in the discovery well. The EWT confirmed the excellent productivity of the discovery well. The flow was maintained throughout the entire test period. The test also revealed information on the properties of the carbonate reservoirs, which is essential for optimizing the development plan.

Repsol Sinopec confirmed the importance of this discovery. Its deepwater projects in Brazil are confirmed as one of the key areas for this company, which has a solid track record of exploratory success.

Exploration News in Brazil >>

Niger >>  8/15/2018 - Savannah Petroleum PLC, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, is pleased to announce...
United Kingdom >>  8/13/2018 - As part of the 31st Offshore Licensing Round, the Oil and Gas Authority offered companies the opportunity to propose additional blocks in more mature ...

Norway >>  8/8/2018 - Norway's Petroleum Safety Authority has given Faroe Petroleum consent to drill exploration well 30/6-30 in production licence PL 825. The well will te...
Norway >>  8/8/2018 - A/S Norske Shell, operator of production licence 832, has concluded the drilling of wildcat well 6304/3-1. The well is dry. The well was drilled in th...

Mozambique >>  8/7/2018 - Mozambique’s government on Tuesday approved contracts giving exclusive rights to energy companies to act on concessions awarded to them to explore for...
Indonesia >>  8/3/2018 - Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has been informed by Conrad, its partne...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

Oil & Gas Projects in Brazil >>

More News

 

Oil & Gas Companies in Brazil >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.