ANP – 17TH ROUND BLOCKS OFFERED IN THE SANTOS BASIN HAVE VOLUMES OF 7 BILLION BARRELS OF OIL

(PetroNoticias) The interest in the 17th Bidding Round, which is scheduled for October 7, should focus on three blocks in the Santos Basin that are cut by the 200 nautical mile limit. According to data presented by the National Petroleum Agency (ANP), the three areas together have volumes of more than 7 billion barrels oil.

The information was presented by the agency during the technical seminar of the 17th Round. The three blocks, classified by the ANP as “superblocks”, have prospects mapped in pre-salt play. Block S-M-1617, for example, according to the regulatory agency, contains the prospect of the largest volume in the event (3.22 billion barrels of oil volume in place). Block S-M-1378 has triplet prospects, which together have 3.34 billion barrels of oil in  place.

During the presentation the ANP also detailed that the S-M-1613 block features a carbonate platform, reservoir and trap entirely within the limits of 200 nautical miles.

“This event aims to contribute to ensuring national supply, proposing areas with large prospects, such as in the Santos Basin, in addition to ensuring the continuity of investments and exploratory activities, such as the Campos and Potiguar basins, and promoting an increase in geological knowledge and the discovery of new producing areas, such as the Pelotas Basin,” declared the director of the ANP, José Cecchi, during the seminar.

The 17th Bidding Round will offer 92 exploratory blocks, located in four Brazilian sedimentary basins: Campos, Pelotas, Potiguar and Santos. At the end of April, the ANP approved the public notice and the tender contract model.

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