Project Profile
Location: 220 km off the coast of Santa Catarina state, Brazil
Resources: 398 and 228 million barrels of oil
The five Karoon blocks 1037, 1101, 1102, 1165 and 1166 are located 220 kilometres off the coast of Santa Catarina state, just south of Rio de Janeiro. They lie in relatively shallow water (300-400m) on trend with the Piracucá (oil), Caravela (oil) and Merluza (gas) fields.
In April 2009 Petrobras/Respol declared the BM-S-7 Piracucá light oil field a commercial discovery. The field is only 5 kilometres to the northeast of Karoon acreage and is reported to contain 550 Mmboe in place (Repsol, 2009). The Late Santonian reservoirs produced 3476 bopd with 126,800 m3/d of gas in preliminary tests (Repsol, November 2009). Petrobras is currently considering a FPSO development that could be tied to a number of the discoveries in the designated Pólo Sul shallow water area (Petrobras, 2009). Karoon now has a large and comprehensive database over the Santos Basin having purchased well data and 20,500 km of regional 2D lines and 6000 sq km of 3D seismic data. Karoon has reprocessed 2,500 sq km PreSTM and 900 sq km PreSDM providing a unique insight into Karoon\'s acreage and surrounding blocks. Karoon has 100% equity and is operator of all blocks acquired from ANP bid round 9 (2007) which was awarded in March 2008.
Operator:
Karoon Petroleo & Gás S.A.: Operator with 100% interest
Contractor:
Dolphin Drilling Ltd.: Drilling contractor
WorleyParsons: Pre-FEED contract
QGOG Constellation S.A.: Contracting the \"Olinda Star\" semi-submersible drilling rig
Wood Group: Engineering services