Cade approves Trident Energy entry into Campos Basin

August 28, 2019

Cade approved, without restrictions, the sale by Petrobras of control of 11 shallow water offshore fields from the Campos Basin to Trident Energy. The completion of the U$1 billion operation was announced by the state company in mid-July.

Petrobras has bid the fields three times. In July 2018, the state-owned company announced that Ouro Preto presented the best bid, but ended up re-bidding the assets.

Enchova and Pampo Clusters

The Enchova and Pampo clusters include ten fields, but not all produce. The systems are integrated: at the Pampo cluster, oil and gas production  flows through the PCE-1 platform in Enchova, where it is transferred, together with the production of the Enchova cluster, to the Cabiúnas plant in Macaé.

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

Enchova

Includes the Marimbá, Enchova, Bonito, Enchova Oeste, Bicudo and Piraúna fields and produces 16.8 thousand barrels / day of oil in 2018. Marimbá is the main asset, with 13.6 thousand barrels / day and Bicudo and Pirauna were interrupted. .

The distance from the coast varies between 80km and 115km from Cabo Sao Tome and the operation takes place on water depths between 100m and 780m.

“Multiple recovery initiatives (including drilling new wells, reconnecting and recompleting wells, and injecting water) can be implemented to improve the asset production profile,” says Petrobras in the asset bidding documents.

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

In Bonito, the 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 the P-15.

Pampo

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

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

Source: epbr

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.