Project Profile
Value: US$1,000 million
Startup Year: 2015
Water Depth: 2,140 m
Location: Block BM-S-8, Santos Basin
The BM-S-8 block lies to the south of the Tupi field in Block BM-S-11. Tupi is estimated to hold recoverable reserves of 5 billion to 8 billion barrels of oil equivalent. Analyses shows oil gravity to be between 25 and 28 API grade, comparable to that of the other pre-salt oils found in the Santos basin. The field in in 2140m of water. The crude oil is considered sweet, which means that the sulphur content is less than 0.5 percent sulphur by weight.
Operators:
Petrobras: Operator with 66% interest
Galp Energia: 14% working interest
QGEP Participacoes S.A.: 10% interest (Shell owns an interest in this company)
Barra Energia: 10% interest
Sinopec: Will acquire 30& interest in Galp\'s Brazil interests