Offshore staff
RIO DE JANEIRO – PetroRio has agreed to acquire a 26% stake from Total in block BMC-30 in the Campos basin offshore Brazil.
This, combined with a previously agreed transaction with BP, would lift Petro Rio’s stake to 64.3%, pending approvals.
The concession contains the 2008 oil discovery Wahoo, thought to hold more than 140 MMbbl recoverable, and to be capable of delivering more than 10,000 b/d per well and potentially over 40,000 b/d, based in formation tests during the exploration campaign.
According to PetroRio, development could involve drilling four production and two injection wells connected to the FPSO serving the Frade field, with initial capex comprising $300 million for the tieback, $360 million for the wells, $100 million for the subsea equipment, and $40 million for upgrades to the FPSO and other items.
03/30/2021
