Equinor, together with license partners Repsol Sinopec Brasil and Petrobras, have approved the development concept for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil.
“BM-C-33 is a key project in our portfolio and concept select is an important milestone in our effort to mature the project. It is important to further optimize and improve the project business case to make it more robust for future market,” said Geir Tungesvik, Equinor’s senior vice president for projects.
The well streams will be sent to a floating production, storage and offloading unit (FPSO) located at the field. Gas and oil/condensate will both be processed at the FPSO to sales specifications and exported. Crude will be offloaded by shuttle tankers and shipped to the international market after ship-to-ship transfer. A new-build hull has been selected to accommodate for 30 years lifetime of the field.
The gas export solution is based on an integrated offshore gas pipeline from the FPSO to a new dedicated onshore gas receiving facility inside the Petrobras TECAB site at Cabiúnas, before connecting to the domestic gas transmission network.
“BM-C-33 holds substantial volumes of gas. A completion of the ongoing liberalization of the natural gas market in Brazil in line with the current plan, is key for the further development of the project. BM-C-33 is an asset that can generate value for the society, both through the creation of direct and indirect jobs, ripple effects, and through a gas supply that can induce industrial growth, as has happened in other countries,” says Veronica Coelho, Equinor’s country manager in Brazil.
Gas export capacity is planned for 16 Mm3/day with average exports expected to be 14 Mm3/day, which represents a significant volume based on current Brazilian gas demand. Daily oil processing capacity is of 20,000 m.
The concept select is a conclusion of a technical and commercial assessment of various developing concepts and landfalls. The chosen concept provides the most robust solution to develop the BM- C-33 project and gas value chain.
Details on project timeline towards next decision gates and start of production are still to be concluded.
2022-08-04 - Even window shopping for acreage, or submitting an official expression of interest in an area for potential auction by federal land authorities, would carry a $5 per acre cost if the bill is passed.
2022-06-07 - Due to a maritime border issue with Israel, U.S. envoy Amos Hochstein is expected to visit the country to discuss the issue.
2022-07-21 - Chevron and Cyprus are planning the drilling of a new well in the coming months as part of the continued development of the offshore Aphrodite gas field.
2022-06-03 - The handling of Zama, discovered by U.S.-based Talos and its private partners, is being closely watched by U.S. investors as a test of Mexico’s President Andres Manuel Lopez Obrador’s commitment to respecting private contracts.
2022-06-28 - The BLM lease sales will run June 29-30 and will cover more than 140,000 acres across eight Western states, posing a test of the oil and gas industry's demand for new prospects at a time of soaring global energy prices.