Page 10 - LatAmOil Week 16 2021

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Shell set to launch Brazilian

drilling campaign in H2-2021

ROYAL Dutch Shell (UK/Netherlands) has con- Natural Gas and Biofuels (ANP) show that the
firmed that its Brazilian subsidiary will launch a cluster yielded 22,853 barrels of oil equivalent
new offshore drilling programme later this year. per day (boepd) in February.
Andre Araujo, the president of Shell Brasil, The Shell Brasil president did not divulge
said during a webinar last week that work was any details of his company’s plans for drilling
slated to begin in the second half of 2021. “Yes, at BC-10. Argus Media noted, though, that the
we’re going to have a drilling campaign in 2021, company was intending to sink five produc-
with the timing focused on the second half of tion wells and two water-injection wells at the
2021,” he was quoted as saying by Argus Media. Massa and Argonauta O-Sul fields in order to
“This represents a restart in our exploration start the third phase of development work at the
activity,” he added. block. The new wells will be connected to the
Araujo explained that the first well in the Espirito Santo, a floating production, storage
campaign would be drilled at BC-10, a block in and off-loading (FPSO) vessel, it said.
the Campos basin. Shell Brasil is serving as oper- Once drilling work at BC-10 is complete, the
ator of this block and holds a 50% stake in the next target of Shell Brasil’s drilling campaign
project. The remaining equity is split between will be C-M-791, a block in the Campos basin,
ONGC Videsh Ltd (OVL, India), with 27%, and Araujo said. He did not elaborate.
Qatar Petroleum (Qatar), with 23%. Equity in C-M-791 is divided 40% to Shell
The block encompasses the Parque das Con- Brasil, the operator; 40% to Chevron (US), and
chas cluster, which includes the Abalone, Argo- 20% to Galp Energia (Portugal). The partners
nauta and Ostra oilfields, he noted. Official data acquired rights to the field during the 15th Bid-
from Brazil’s National Agency of Petroleum, ding Round, which was held in 2017. ™

Libra consortium gives back

South-east section of its block

LIBRA, a consortium that Brazil’s national oil
company (NOC) Petrobras established in 2013
with two state-owned Chinese companies and
two European majors to develop an offshore
block in the Santos basin, has decided to return
part of its licence area to state control.
Petrobras made an announcement to this
effect last week, saying that the partners had
notified Brazil’s National Agency of Petroleum,
Natural Gas and Biofuels (ANP) of their plans.
It explained that the consortium had decided to
give up the South-east section because that part
of the block was not likely to be productive.
“Since the beginning of the evaluation activ-
ities of the Libra block, the South-east area, a
distinct compartment from the other ones, was Mero is the most promising section of the Libra block (Image: Petrobras)
identified as an area of low potential,” it said.
Analyses of the data obtained thus far con- which covers the Central and South-east section
firm that lack of potential, it added. It noted that of Libra.
details of these analyses had been included in Petrobras and its partners in the Libra con-
the Discovery Evaluation Plan (PAD) drawn up sortium have already declared the North-west
after the completion of well 3-BRSA-1267-RJS, section of the block commercially viable.

P10 www. NEWSBASE .com Week 16 22•April•2021