More pre-salt in international waters

Map-of-the-Santos-Basin-and-location-area-source-PETROBRAS-webpage

1/21/19

New pre-salt reservoirs may be waiting for the industry beyond the limits of Brazil’s Exclusive Economic Zone (EEZ). João Correa, country manager of Spectrum, said as they are conducting a 3D seismic campaign in international waters, in the Santos Basin, in partnership with TGS.

“We see an absurd potential, equivalent to Sapinhoá and Peroba. This configuration [of the pre-salt cluster] goes beyond the 200 nautical miles that Brazil is claiming at the UN, “says the executive.

Recalling the conflict between Venezuela and Guyana, the executive says that it is fundamental that Brazil conduct E & P activities beyond 200 nautical miles of the EEZ to ensure ownership of the resources that may be found in the region.

“Few countries in the world have the possibility of reservoirs of this size that Brazil can claim,” says Correa.

According to the United Nations Convention on the Law of the Sea (UNCLOS), formalized in 1982, countries have sovereignty over a range of 200 nautical miles (370 km) from the coast. The treaty, however, provides for the possibility of extending this area, provided that the natural continuity of its continental shelf is proved.

The Brazilian Navy maintains a working group (GT Leplac) responsible for monitoring the evolution of the process of analysis of the proposal for the outer limit of the Brazilian continental shelf that is evaluated by the United Nations.

The country expects to obtain recognition of its right under an area of ​​about 900 thousand square kilometers, equivalent to the sum of the areas of the states of Rio Grande do Sul, Santa Catarina, Paraná and São Paulo.

“An immediate effect of the delimitation of the Brazilian legal continental shelf in the field of the oil industry will be that the National Petroleum Agency’s bidding blocks that are currently restricted to 200 miles may extend to the outer limit of the platform “, emphasizes the Navy.

Source: Brasil Energia

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