Petróleo Brasileiro SA (Petrobras) has declared a brand new fuel discovery in the identical license because the Sirius discovery.
The Copoazu-1 effectively in Block GUA-OFF-0 “consolidates the fuel province and the fuel potential within the Colombian offshore, whereas additionally provides a larger quantity of fuel to contribute to the area’s power safety”, the Brazilian state-owned power firm mentioned in a web based assertion.
“The gas-bearing intervals had been recognized by way of electrical logs and fluid sampling, confirming the presence of fuel in an extra goal past the primary goal, making the invention much more important”, Petrobras mentioned, with out offering useful resource estimates. “The gas-bearing intervals might be additional characterised by laboratory analyses.
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“Petrobras’ actions in Block GUA-OFF-0 are aligned with the corporate’s long-term technique, aiming to replenish oil and fuel reserves by way of exploration of latest frontiers and partnerships with different firms, guaranteeing the availability of world power demand through the power transition”.
It operates the block with a 44.44 p.c stake. Colombian counterpart Ecopetrol SA owns 55.56 p.c.
Copoazu-1 is 36 kilometers from shore in waters 964 meters (3,162.73 ft) deep, in line with Petrobras. The brand new discovery sits about eight kilometers (4.97 miles) from the Sirius discovery.
Sirius, Colombia’s greatest fuel discovery, has been appraised to have over 6 trillion cubic ft of fuel, in line with Petrobras.
“This discovery might enhance Colombia’s present reserves by 200 p.c”, Petrobras mentioned in a press launch December 5, 2024, saying the results of the Sirius-2 appraisal effectively.
“The consortium is anticipated to speculate $1.2 billion within the exploratory section and one other $2.9 billion within the manufacturing improvement section”, Petrobras added.
“Pure fuel manufacturing is projected to start out inside three years of securing all environmental licenses, aiming for a 2027 launch if the invention proves commercially viable”, Petrobras mentioned then. “By way of 4 producing wells in an modern design ‘subsea to shore,’ the anticipated manufacturing is roughly 13 million cubic meters/day for 10 years”.
Individually, Petrobras this week additionally introduced it’s exercising its preemptive proper to accumulate 50 p.c stakes within the Tartaruga Verde and Espadarte-Module III fields in Brazil’s Campos basin from accomplice Petroliam Nasional Bhd (Petronas). The $450 million acquisition would end in Petrobras changing into the only real proprietor.
The fields are within the southern a part of the basin in waters 700-1,620 meters deep. Present manufacturing from the property, by way of the Cidade de Campos dos Goytacazes floating manufacturing, storage and offloading vessel, averages 55,0000 barrels of oil per day, in line with Petrobras.
The takeover “provides decision-making flexibility to the corporate’s portfolio administration”, Petrobras mentioned.
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