Maha Projects Delayed

Aug 26, 2019

Maha Energy revised its production average in 2019. It is projected to be between 3,300 bopd and 3,600 bopd, volumes 9% and 17% below the estimate announced in March. The review is due to delays in drilling in the Tartaruga field in the Sergipe Basin and in receiving regulatory approvals for the Tiê field in the Recôncavo.

Initially scheduled for this quarter, production has not yet resumed in Tartaruga. Due to problems in well 107D, the field has gone through a prolonged shutdown period and has only produced for four of the last eight months.

In Tiê, there was a delay in releasing the final commissioning of the expansion of the local refinery, to Petrobras’ Comboatá oil receiving station, and to the final connection of the Gas-to-Wire (GTW) facility by Aneel.

The GTW project in Tiê already has 13 of the 17 generators working, and the rest is expected to be connected next week (26/8). Each generator has a capacity to receive up to 30,000 m³ / d of gas.

Regarding the commissioning of the field, all wells and production zones in Tiê were completed. Pending production tests will be finalized in September to determine each zone’s oil-gas relationships.

“Our current production capacity (on both assets) exceeds 6,500 bopd. Once we receive these approvals, we can easily increase production by another 5.4 thousand bopd (11.9 thousand bopd), ”said Maha CEO Jonas Lindvall.

The company holds concessions for the Tartaruga (75%) and Tiê (100%) fields in the Recôncavo basin, as well as the exploratory blocks REC-T-117, REC-T-118, REC-T-129, REC-T -142, REC-T-155 and REC-T-224, also in the Recôncavo.


Source: Brasil Energia Magazine

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