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Nevertheless, Ratio Petroleum (Israel), a of press time, it was not clear whether this mile-
non-operating partner in the project, has voiced stone had been reached.)
some optimism about Tanager-1. The company Equity in the Block 47 project is divided
informed Offshore Engineer earlier this year between Tullow (50%), Argentina’s Pluspetrol
that Tanager-1 had recently been reclassified as (30%) and Ratio (20%). The block spans an area
a discovery. Additionally, it said Tullow was pre- of 2,350 square km and lies beneath waters rang-
paring to publish an updated competent person’s ing from 1,300 to 3,000 metres deep. It may hold
report (CPR) for the first exploration well and as much as 927mn barrels of crude oil within its
for its additional prospects at Kaieteur, a block three identified prospects, according to previous
that lies offshore Guyana, in mid-February. (As estimates. ™

BRAZIL
Equinor approves development plans

for BM-C-33 field in Campos basin

EQUINOR (Norway) and its partners have substantial volumes of gas ... [The] ongoing
approved a development concept for BM-C-33, liberalisation of the natural gas market in Bra-
a deepwater field located in the pre-salt section zil, in line with the current plan, is key for the
of the Campos basin offshore Brazil. further development of the project. BM-C-33 is
In a statement dated March 18, Equinor an asset that can generate value for the society,
reported that the group intended to use a float- both through the creation of direct and indirect
ing production, storage and offloading (FPSO) jobs, ripple effects and through a gas supply that
vessel to extract crude oil, gas condensate and can induce industrial growth, as has happened
natural gas from BM-C-33. The FPSO will have in other countries.”
a newbuild hull that will be capable of operating The Norwegian company is serving as oper-
all the way through the 30-year lifespan of the ator at BM-C-33 and has a 35% stake in the
field, it said, without revealing whether a con- project. The remaining equity is split between
tractor had been chosen to build the vessel. Repsol (Spain), with 35%, and Brazil’s national
The company further stated that the FPSO oil company (NOC) Petrobras, with 30%. ™
will receive all production streams and process
them to ensure that they meet sales specifica-
tions and can be exported. The vessel will be able
to process 20,000 cubic metres per day of oil and
16mn cubic metres per day of gas, it said.
It explained that crude oil “will be offloaded
by shuttle tankers and shipped to the interna-
tional market after ship-to-ship transfer.” Mean-
while, gas will be transferred to an integrated
underwater pipeline that will run “from the
FPSO to a new dedicated onshore gas receiv-
ing facility inside the Petrobras TECAB site at
Cabiúnas,” it stated.
The majority of the gas delivered to the
TECAB facility – 14 mcm per day, or 87.5%
of the total – will be exported. However, the
remaining volumes – 2 mcm per day, or 12.5%
of the total – will be transferred to Brazil’s own
gas pipeline network for domestic consumption.
Equinor and its partners chose this develop-
ment concept because they saw it as the most
“robust” option for developing BM-C-33 and
establishing a value chain for gas from the field,
the statement said. They have not yet fixed dead-
lines for contract awards or the start of produc-
tion, it added.
Veronica Coelho, Equinor’s country man-
ager in Brazil, commented: “BM-C-33 holds BM-C-33 is a deepwater field in the Campos basin (Image: Equinor)

Week 12 25•March•2021 www. NEWSBASE .com P11