Offshore staff
RIO DE JANEIRO – Petrobras has submitted a Declaration of Commerciality to the National Petroleum Agency for Tupi and Iracema in block BMS-11 of the Santos basin. The declaration also proposed naming Tupi the Lula field and Iracema the Cernambi field.
Total recoverable reserves were reported as 6.5 Bboe of 28° API oil at Lula and 1.8 Bboe of 30° API at Cernambi.
The final Evaluation Plan and also a Development Plan for each field accompanied the Declaration of Commerciality.
Block BMS-11 is operated by Petrobras, which holds 65% of the concession. BG Group, with 25% of the stakes, and Galp Energia, with a 10% interest, are the other parties to the consortium.
12/29/201
