CGG covers pre-salt auctions with 3D seismic

March 13, 2019

CGG began licensing a seismic data acquisition campaign that will last a year in the Santos Basin. Named as Santos Phase X Project, Antares will campaign for areas to be auctioned by the National Petroleum Agency at the 6th, 7th and 8th pre-salt auctions, scheduled to take place this year, 2020 and 2021, respectively.

The CGG campaign will be divided into three parts, beginning January 1, 2020. The acquisition area is 45,244.62 km² and the activity area / maneuver was limited to 75,321.07 km².

The 6th pre-salt auction, approved by the National Energy Policy Council (CNPE) and scheduled to take place in the second half of next year, will have a signing bonus of R $ 7.85 billion. The auction should offer the exploratory blocks of Aram, Cruzeiro do Sul (formerly Sudeste de Lula, Sul and Sudoeste de Jupiter), Bumerangue and Sudoeste Sagitario, in the Santos Basin, and Norte de Brava, in the Campos Basin.

The Aram block, which was auctioned by Eni in 2006 in the 8th round of ANP bids, which ended up not going forward due to an injunction in court, will be the area with the highest fixed bonus of the auction, R $ 5.05 billion for the signing bonus. In 2006, Eni offered the largest bonus so far at an ANP auction for the area: R $ 303 million. The minimum percentage of Union oil in the Aram offer will be 24.53%.

The Cruzeiro do Sul block, which is north of the Peroba block, will have a signing bonus of R $ 1.15 billion. The minimum percentage of Union oil in the area will be 22.87%.

Sudoeste de Sagitario (R $ 500,000 bonus) and Bumerangue (R $ 550,000), which was defined as a strategic area, will have a minimum percentage of Brazilian Union oil of 26.09% and 26.68%, respectively.

Norte de Brava, in the Campos Basin, has a bonus of R $ 600 million and a minimum percentage of Union oil of 36.98%.

Aram and Bumerangue will have local content set at 18% in the exploration phase and 25% for well construction; 40% for subsea; 25% for FPSOs. The unitized areas of Cruzeiro do Sul, Sudoeste de Sagitario and Norte de Brava will have local content equal to that determined in the original areas. There will be no waiver.

For the 7th round, the Esmeralda and Agata areas, located in the Santos Basin, and Água Marinha, in the Campos Basin, should be evaluated.

For the 8th round will be analyzed the areas of Tupinambá, Jade and Ametista, located in the Santos Basin, and Turmalina, located in the Campos Basin.

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