Origem Energia to invest BRL 900 million in the Pilar field in the Alagoas Cluster

The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Pilar field, in the Alagoas Cluster (Petrobras divestment). The asset is operated by Origem Energia, which should disburse R$ 916 million in investments in the area.

In the revision of the plan, the operator states that it should drill 15 new wells in the field, in addition to carrying out the recompletion of another 103. Origem Energia’s goal is to unlock an additional production of 11 million barrels of oil and 5 billion cubic meters of natural gas.

The ANP also approved the reduction of the royalty rate on the field’s incremental production. However, the application of the benefit will be suspended until the Origem requests the replacement of the reduction already granted by the ANP in 2022 or until the loss of the benefit already granted. The agency also gave the green light for the extension of the field’s production phase until August 5, 2052.

Finally, the ANP determined that the Origem should present, by the end of March 2024, a schedule of activities that should include the drilling of new wells, with the aim of proving any accumulations in the eastern portion of the field. Alternatively, the company may also propose adaptation of the field’s ring fence area.

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