Project Profile
Location: Santos basin, in the States of Paranã, Santa Catarina, Sáo Paulo and Rio de Janeiro, Brazil
Area: 87.1 km²
Water Depth: 195 metres
Relinquishment year: 2014
The Cavalo Marinho Field is located in Santos basin, in the States of Paranã, Santa Catarina, Sáo Paulo and Rio de Janeiro in Brazil. Panoro Energy acquired a 27.5% interest in the Cavalo Marinho Field in 2001 and subsequently increased the interest to 42.5% in 2005 and to 50.0% in 2006. The consortium partners in the Cavalo Marinho Field are Petrobras, the operator who holds an interest of 35.0%, and Brasoil, owning an interest of 15% in the Field. The field covers an area of 87.1 km² at water depth of 195 metres. In January 2011, an updated development plan was submitted to ANP. The development concept includes a common FPSO for the Cavalo Marinho Field and the Caravela Field and a shared gas export solution with other fields in the area.
Operators:
Petrobras: Operator with 35% interest
Panoro Energy: 50% interest
Brasoil: 15% interest