Start Oil multinational assumed new contract in Brazil to explore pre-salt basins

Oil multinational assumed new contract in Brazil to explore pre-salt basins

June 19, 2017 1:36 pm to 1:36 pm
Follow us on Google News
Oil multinational assumed new contract in Brazil to explore pre-salt basins

Oil company has completed successful studies in the pre-salt layer and has already contracted a semi-submersible rig

the field of Petroleum Echidna is located in the SM-1102 exploration block of the Santos pre-salt basin, approximately 112 kilometers off the coast of Santa Catarina, Brazil, at depths of 400 m.

The field has a estimated 75 million barrels of oil. It is fully owned by Karoon Gas Australia, which is currently in the planning and asset appraisal phase to facilitate the full development of the field.

Karoon has held a stake in 35% in the blocks for Pacific Exploration and Production since 2012, but later showed interest here after technical studies revealed the true potential of our watersheds.

The evaluation campaign is already underway and engineers are dedicated to starting activities and starting contracts, until 2020, when the first production of hydrocarbons in the region should begin.

Karoon plans to drill two appraisal wells in the field, which will be called Echidna-2 and Echidna-3.

Echidna-2 will be designed to enter the reservoir in a submersion position, while Echidna-3 will be designed to enter a submergence position.

Technical information and detailed data on the properties of the reservoir will be collected through a conventional correction program, and will definitively inform the properties that make up the field, including its economic viability.

A semi-submersible drilling rig was contracted to drill the two appraisal wells, along with two other optional wells also foreseen in the blocks operated by Karoon.

Karoon is planning to develop Echidna with a maximum production rate of 30,000 barrels of oil per day.

The site's development plan foresees the creation of three production wells, two injection wells and a Floating Storage and Transfer Unit(FPSO). The FPSO will be in a maximum water depth of 400m.

Karoon engaged Wood Group to provide engineering services for it. This news had repercussions even in the international market, which you may be checking out clicking here.

Related
Most recent