Project Profile
Value: US$1,000 million
Location: Solimões basin, onshore Brazil
Start-up Year: 2Q 2012
Reserves: 717 million BOE of 3C contingent resources (of which 95% is natural gas) and prospective oil resources 1005 MMbbl and prospective gas resources 800 million BOE
Area: 41 500 sq. km
Depth: from 2,110m to 2,260m
In the Solimões Basin (AM), the project includes 16 license blocks. Blocks contain 11 discovered accumulations of hydrocarbons, which have been evaluated by D&M resulting in an estimate of 717 million BOE of 3C contingent resources (of which 95% is natural gas) and prospective oil resources 1005 MMbbl and prospective gas resources 800 million BOE. Test confirmed the presence of four gas-bearing reservoir intervals in the Jurua Formation in depths ranging from 2,110m to 2,260m. The Solimões blocks cover an area of approximately 41 500 sq. km. In May 2015, Rosneft Brasil (100% owned Rosneft subsidiary) became the sole owner of the project and now holds 100% interest in the project.
The Solimões Basin has the largest gas reserve in the country and the second largest oil and condensate production in Brazilian onshore areas. In the region, 52 prospects and 11 discoveries with contingent resources have been mapped and certified. The prospective oil in this area is estimated at between 4 and 6 billion barrels of light oil, with the specific density between 41º and 46º API; and 10 to 20 TCF (trillion cubic feet) of gas.
Operators:
Rosneft: Operator with 100% interest
Contractor:
Queiroz Galvão Óleo e Gás S/A: Drilling contractor with QG IX
DeGolyer and MacNaughton: Hydrocarbons evaluation studies