Perenco has plans to revitalize 50 shallow water wells in the Campos Basin

June 29, 2019

Perenco sees the possibility of extending the production of the Carapeba, Pargo and Vermelho fields in shallow waters of the Campos Basin that have been producing for the least 20 years. The company understands that it is feasible to reactivate at least 50 wells in the fields, according to Operations Manager, Guillaume Moulinier.

In November 2018, Petrobras announced the agreement in which Perenco bought the Pargo, Carapeba and Vermelho fields for US $ 370 thousand (R $ 1.4 billion). The completion of these deals will mean a new scale for the mature field market in Brazil, both onshore and shallow water.

“We are in Brazil to stay for at least the next 20 or 30 years. We see a lot of potential in the Pargo project, “commented Moulinier, who highlighted the company’s focus on revitalizing mature fields.

Petrobras, the controlling shareholder of the mature fields in Brazil, has focused on its new projects, so much so that we are moving towards another record year in the pre-salt and decline in the Campos Basin. The oil company has already announced the raising of more than US $ 823 million (R $ 3.2 billion) in sales of mature assets.

Carapeba, Pargo and Vermelho went into operation between 1988 and 1989 and produced 97,000 barrels of oil equivalent (boe) per day in 1990, when Pargo and Vermelho reached peak production levels. In Carapeba, the peak was in 1992, when combined production was 81 thousand barrels / day. The average production this year is 3,600 boe / day.

Of the more than 150 production wells already drilled in the three fields, only 16 produced in April 2019. Amount of active wells has been declining since the late 1990s, but have fallen dramatically from 2016 onwards.

The fields have six fixed platforms producing, three in Vermelho, two in Carapeba and one in Pargo. The units have been operating since production began about 30 years ago.

Petrobras drilled the first wells in Pargo in the 1970s and the peak of activity in the region was in the 1980s. The last production wells drilled in the region in the Carapeba field were made in 1998. Since then, Petrobras made some campaigns in Pargo and Carapeba with exploration wells. The last well was drilled in 2011.

Source: epbr

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