Project Profile
Value: US$85 million
Location: 185 kms off the Brazilian coast, Santos Basin, Brazil
Production: 20,000bpd of heavy oil with the option to increase production up to 30,000bpd
Water Depth: 1,500 metres
Production start-up year: 2017
The BS-4 block encompasses two post-salt oil fields known as Atlanta and Oliva. The fields are located in the Santos Basin 185 kms off the Brazilian coast at a water depth of approximately 1,500 metres, with oil quality from 14º to 16º API. The recently revised Development Plans of the fields are under analysis by ANP. OGX has entered into an agreement with Petrobras to acquire a 40% participating interest in Block BS-4. The purchase and sale is subject to National Petroleum, Natural Gas and Biofuels Agency (ANP) approval. The remaining concession rights for Block BS-4 belong to a consortium formed by Queiroz Galvão Exploração e Produção, which holds the operatorship and a 30% participating interest, and Barra Energia do Brasil Petróleo e Gás Ltda., which also holds a 30% participating interest. These stakes remain unchanged. The acquisition price for OGX’s 40% stake in the Block BS-4 was U$270 million.
Operators:
Queiroz Galvão Exploração e Produção (QGEP): Operator with 30% interest
Barra Energia do Brasil Petróleo e Gás Ltda.: 30% interest
Dommo Energia: 40% interest (commenced a sale process for 30% interest in October 2017)
Contractors:
Expro: Provide heavy oil well testing to post-salt wells and data management services
Genesis Oil & Gas Consultants Limited: Provide consultancy services
Teekay Offshore Partners L.P.: Agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field located in the Santos Basin offshore Brazil. The consortium has agreed to acquire the Petrojarl I FPSO from Teekay Corporation for US$57 million. The Petrojarl I FPSO will be used as an early production system (EPS) unit on the Atlanta field.
McDermott International Inc.: SURF engineering, product supply, and installation scope for the Atlanta early production system (EPS). McDermott will be responsible for the engineering and offshore installation of all subsea hardware, including flexible pipes, umbilicals, umbilical termination assemblies, subsea pump skids, suction piles, and associated equipment. McDermott’s installation vessel NO102 will conduct on-site work as soon as QGEP’s FPSO is available. The consortium partner will be responsible for the supply of all flexible risers, flowlines, and associated equipment.
Sub-contractors:
DOF Subsea: Marine operations
TechnipFMC: Engineering and management of the flexible pipelay