GeoPark said it must drill the Praia dos Castelhanos 1 well in the Recôncavo Basin in November this year to test the potential of the Agua Grande, Sergi and Marfim formations. Preliminary activities on the REC-T-128 block, where the discovery is located, began in the third quarter.
The REC-T-128 is from Round 13 and was aquired in partnership with GeoparGeosol. The contractual additive for the reduction of local area content was approved last month.
Third quarter production
Production at the Manati field, where Geopark has 10%, was 3,124 boe / day in the third quarter, an increase of 8% over the previous quarter. Compared with the third quarter of 2017, production fell by 0.5%. The company claims that this 8% increase was due to industrial consumption and reduced availability of hydropower.
In Brazil, besides Manati (10%) in the Camamu / Almada Basin; Geopark holds concessions in blocks SEAL-T-268 (100%) in the Sergipe-Alagoas Basin; REC-T-93 (100%), REC-T-94 (100%) and REC-T-128 (70%) in the Recôncavo Basin.
In the Potiguar Basin, the company holds the POT-T-619 (100%), POT-T-747 (70%), POT-T-882 (70%) and POT- ).
Source: Brazil Energy