Page 18 - LatAmOil Week 37
P. 18
LatAmOil NEWS IN BRIEF LatAmOil
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Argentina: President
Energy announces
operational update
AIM-listed President Energy, the energy com-
pany with a diverse portfolio of production and
exploration assets focused primarily in Argen-
tina has provided an operational update in rela-
tion to its current Rio Negro operations in the
Estancia Vieja and Puesto Flores fields.
Workover Programme: The operational test-
ing of EVx-1 has now concluded. The flow rates
and pressure build up support the initial testing
results and that this has proved to be excellent
value for the $250,000 expended in working
over an old, uneconomic well. The well tested
on various choke sizes from 4 mm to 12 mm
for 12 hours each with similar pressure build up Drilling programme: The drilling rig is now Petrobras (65%), in partnership with Shell Brasil
tests at 12-hour intervals. Throughout, the well expected to start mobilising during the course of Petróleo (25%) and Petrogal Brasil (10%).
maintained good pressure with production rates this week for drilling operations to commence Tupi began production in its first definitive
ranging from 25,000 cubic metres per day up to on schedule before the end of September. system in 2010, with the operation of Cidade
150,000 cubic metres per day of gas with a small As previously announced, the first well will de Angra dos Reis system, and is currently the
amount of condensate. For good reservoir man- be the Las Bases 1001 development well target- largest oil and gas producing field in the country.
agement, subject to the definitive data results, it ing attic gas in the Las Bases structure, a P50 Petrobras, September 14 2020
is expected that the well will be put on stream well rate of 100,000 cubic metres per day (588
initially producing approximately 80,000 cubic boepd) of gas and 6 bcf of recoverable gas with a
metres per day of gas (around 470 boepd). The target depth of 1,700 metres and a high chance SERVICES
data obtained from the testing is now being ana- of success.
lysed to determine the producible volume of the Estimated costs to completion are $1.9mn Petrobras in negotiations
reservoir and its characteristics. with drilling time, excluding completion and
The Company looks forward to seeing the tie-in, of approximately 21 days. As the well is in to contract sixth FPSO
contribution in production from this well from close proximity to existing infrastructure, on a
October. success case the well should be in production at for Búzios field
The order in respect of the second well in the some stage during November.
workover sequence was changed due to logistics. President Energy, September 15 2020 Petrobras informs that it has started negotiations
This well, the old PFO-33, has been turned into a with SBM Offshore (SBM) to contract the FPSO
water disposal well replacing a previous disposal Petrobras comments on (floating production, storage and off-loading)
well PFO-17 which ceased to be operable some vessel Almirante Tamandaré, to be installed in
three months ago. PFO-33 is now capable of name change for Tupi field the Búzios field, in Santos Basin.
disposing of 400 cubic metres per day of water The FPSO Almirante Tamandaré will be the
thereby saving on third-party costs which have Petrobras hereby announces that the National sixth production system of the Búzios field, with
been incurred since the previous well ceased Agency of Petroleum, Natural Gas and Biofuels startup schedule for the second half of 2024. It
to inject. The workover of this well has been (ANP) approved the change in the name of the will be the largest oil production unit operating
completed ahead of time and like EVx-1, under Lula field to Tupi field. on the Brazilian coast and one of the largest in
budget. The approval is aimed at complying with the the world, with processing capacity of 225,000
After completing the workover of PFO-33, ruling of July 7, 2020, in a citizen lawsuit, which barrels per day (bpd) of oil and 12mn cubic
the rig then moved on to the oil producer PFE- ordered the annulment of the designation of the metres per day of gas.
1001 to replace an electric submersible pump Tupi area as Lula field, which occurred in 2010. The hiring of SBM will occur directly, in
which had failed approximately two months The other areas that make up the Tupi field accordance with the law 13.303/16. Petrobras
ago and then put the well back on production. have also had their names altered, as follows: constantly monitors the FPSOs world market
That operation is now nearly completed and has a) Sul de Tupi (South Tupi), an onerous assign- and has identified that at this moment, only
gone according to plan. The well should be back ment contract and; b) Tupi Leste (East Tupi), a SBM has the capacity to meet the technical,
online in the next seven to 10 days. non-contracted area that belongs to the federal operational and availability requirements of the
The rig will then move on to the next wells in government, represented by Pré-Sal Petróleo company.
the sequence which will include the well EV-20 (PPSA). The other two units to be installed in Búzios,
referred to in the Company’s announcement of The Tupi field is located predominantly in FPSOs P-78 and P-79, will be contracted by bid-
July 13, 2020. Further details of progress on the the BM-S-11 concession, 230 km off the coast ding, in the Engineering, Procurement and Con-
programme will be announced at relevant times. of the state of Rio de Janeiro, and is operated by struction (EPC) modality.
P18 www. NEWSBASE .com Week 37 17•September•2020