Equinor advances in Norte de Carcará

July 12, 2019

Equinor began to carry out the first Drill Stem Tests in Norte de Carcará, a sharing area, located in the Santos Basin. The campaign will last until the end of the third quarter.

The works contemplate two tests in two distinct wells. Equinor informs that the data collected is good and confirm the initial expectations of the technical area.

The campaign is led by Seadrill’s West Saturn drillship chartered by Equinor since the beginning of last year to operate in Norte de Carcara and Carcará. The unit drilled three wells into.

By August, Equinor will decide whether to extend the West Saturn charter contract once again or whether to discontinue the unit’s activities. The oil company has already exercised two contractual extension options.

The drillship is expected to be released in October, when tests will be completed. The drilling campaign for the development wells of the Carcará project will only begin in 2021. Equinor has been talking with partners in other projects to try to ensure the relocation of the drillship for some campaign.

The Carcará development plan foresees the production of the first oil between 2023 and 2024. Initially, since there is no forecast to build the first phase for gas, the gas production of the asset will be reinjected.

Equinor discusses the feeds (pre-detailing engineering) for FPSO and SURF (risers, umbilicals and underwater flowlines) with the market. The plan is to complete the hiring still in 2019, possibly in December.

In the case of the FPSO, negotiations have started with Modec and SBM. The unit will be newbuild (new hull), and probably the hiring model will not be chartering. The production plant is expected to hold 220,000 b / d of oil.

The complementary phase of the project will be put into production three and a half years later and will be focused on the area of ​​Norte de Carcará, acquired in the second round of production sharing. At this stage, Equinor forecasts the flow of gas production.

Carcará was discovered by Petrobras in 2012 and acquired by Equinor in 2016. The Norwegian oil company holds a 40% stake in the asset, in partnership with ExxonMobil (40%) and Galp (20%)

Source: Brazil Energy

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