Offshore development will leap by 2021

Sept 9, 201

The year 2021 will mark the peak demand for offshore well services in the production development phase within the next five years, according to ANP data. It is estimated that 111 wells will be drilled, while 135 will have to be completed, 49 razed and abandoned and another 29 will need to undergo artificial lifting.

The jump from 2019 is significant. This year it is estimated that 62 wells will be drilled offshore, 72 completed, 43 razed and abandoned and 16 will require artificial lifting services – figures that are well below those predicted for 2020, when a portfolio of 307 wells will be in play.

After 2021, however, all offshore activities will decline, except for the decommissioning of fields, which will still experience growth in 2022, before having its demand reduced the following year.

Onshore, it is predicted that activity will fall by 2020, followed by growth by 2021, peaking by 2022 – a year in which 220 wells must be drilled, 427 completed, ten razed and abandoned and 192 will require artificial lifting services.

The projection was made by PetróleoToday with the use of a new tool provided by the ANP to provide annual forecasts of oil and natural gas development and production activities in the five-year period.

Source: Brasil Energia Magazine

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