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CHEVRON’S COMMITMENTS IN FRADE

7/31/18

What the operator needs to do to ensure the extension of the production phase of the field until 2041

 

Chevron has until 2024 to deliver a seismic assessment on the Frade field, in the Campos Basin, to the ANP. The study should contemplate 4D monitoring of the reservoir and identify opportunities for drilling of additional wells and injectors.

The activities are among the commitments made by the operator to the agency to allow the extension until 2041 of the production phase of the field, whose redevelopment project was recently suspended.

ANP also informed that the consortium formed by the US oil company (51.74%), Petrobras (30%) and Frade Japan Petroleum (18.26%) will have to drill at least five additional wells and a contingent injector in reservoir N545D.

The commitments also include the adoption of the injection and water filtration methodology and investments to ensure good operational efficiency and production flow, especially to prevent the formation of hydrates and damage to the infrastructure.

“Failure to comply with the investment and production commitments, after analysis by the ANP, will lead to the initiation of proceedings aiming at the loss of effectiveness of the extension,” the agency said via press release.

Situated at 1,128,000 m of water, about 370 km northeast of Rio de Janeiro, the Frade field is Chevron’s first oil exploration and production project in the country. Production started in 2009.

In November 2011 and March 2012, oil leaks were identified in the field, leading to the interruption of operations. After approval by regulatory agencies, field production was resumed in April 2013 and expanded in March 2014, according to Chevron.

Source: Brazil Energy

Categories: Uncategorized

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