Further on the sale of the shallow water Enchova and Pampo clusters in the Campos Basin

The Enchova and Pampo clusters include ten fields, but not all produce

Trident Energy has submitted the best offer of US $ 1 billion for the acquisition of the fields that encompass the Enchova and Pampo clusters in the shallow waters of the Campos Basin. This is the third time Petrobras has tendered the areas. In July 2018, the state-owned company had announced that Ouro Preto presented the best proposal for the competition, but ended up re-bidding the projects.

“The transaction is in final stages of approval by the relevant Petrobras entities and the subsequent phases of the project will be disclosed to the market in accordance with its Disinvestment System,” the company said in a statement.

The fields

The Enchova and Pampo clusters include ten fields, but not all produce. The systems are integrated: in the Pampo hub, oil and gas production is disposed of by the PCE-1 platform in Enchova, where it transfers gas to the Cabiúnas plant in Macaé.

Petrobras sells the assets as revitalization opportunities, through the recovery of wells, secondary recovery and exploration of undeveloped reservoirs.

Enchova

Includes the fields of Marimbá, Enchova, Bonito, Enchova Oeste, Bicudo and Piraúna and produced 16,800 barrels / day of oil in 2018. Marimbá is the main asset with 13,600 barrels / day and Bicudo and Piraúna were interrupted .

The distance from the coast varies between 80km and 115km from Cape São Tomé and the operation occurs in water depths between 100m and 780m.

“Multiple recovery initiatives (including drilling of new wells, reconnection and reconditioning of wells, and water injection) can be implemented to improve the production profile of the assets,” Petrobras says in the documents offering the assets.

In Marimbá, production is carried out by platforms P-08 and P-15 and drained by P-65, for treatment and disposal of the water produced.

In Bonito, second largest producer, Enchova and Enchova Oeste, the production is made by the Enchova Central Platform (PCE-1) and the oil and water treatment by the P-65. Bonito is also connected to P-15.

Pampo

Formed by the fields of Pampo, Badejo, Linguado and Trilha, it is almost all paralyzed  and is an offer based on the potential upside of the assets. Practically, only Pampo produces an average of 9,300 barrels a day this year – in Linguado there is a record of 13 barrels / day.

According to Petrobras, there is a reservoir, named Siri, which can be developed with water injection and “lead to a significant ramp-up in production in the Badejo field.” There are opportunities to connect additional wells in Pampo, Trilha and Linguado.

Source: epbr

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