Project Profile
Value: Undisclosed
Location: Campos Basin located off the southeastern coast of Brazil
Peak Production: 100,000 bpd
The Membro Siri reservoir overlies part of the mature Badejo field in shallow waters at the heart of the Campos basin. Membro Siri was discovered 25 years ago, but left untouched until the early 1990s due to erratic flow patterns and poor fracturing across large areas. Petrobras has since drilled long reach horizontal wells on the carbonate reservoir, and some estimates suggest that the area could produce up to 100,000 bpd.
Oil was discovered in the Membro Siri reservoir in 1975, but was considered uneconomical to develop this time.
Additionally, there is a proved \"in place\" volume of 2 billion barrels of heavy oil in the carbonate layers of Campos Basin\'s Membro Siri.
Operators:
Petrobras: Operator with 100% interest
Contractors:
Teekay Corporation: Drilling rig