Petrobras has received authorization from Brazil’s National Oil, Natural Gas and Biofuels Agency (ANP) to initiate the early production system of well 2-ANP-1RJS located in the Búzios Field (formerly known as the Franco area), in the Santos Basin presalt, the company said in a news release.
Through this temporary system, the company will be able to produce for about seven months, while obtaining essential information for optimizing the field’s first definitive production system, Petrobras said.
The field located about 200 km (124 miles) off the coast of Rio de Janeiro at a water depth of 1,600 m (5,249 ft) to 2,100 m (6,890 ft), according to the release. Petrobras submitted its declaration of commerciality for the field in December 2013. Three-dimensional seismic studies have already been carried out in Búzios Field and 11 wells have been drilled there in order to delimit and characterize the reservoir, the release said.
The field accounts for the bulk of the volume acquired by Petrobras through its transfer-of-rights agreement with the Brazilian government--3.058 Bboe (oil and natural gas) out of the total of 5 Bbbl to be produced under the deal. The oil found by Petrobras in this field is highquality (between 26° and 28° API).
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