Petróleo Brasileiro SA (Petrobras) has begun the non-binding phase of its sale of Albacora and Albacora Leste concessions in the northern part of the Campos basin, offshore Brazil (OGJ Online, Sept. 25, 2020).
Potential qualified buyers will receive instructions on the divestment process, including guidelines for the preparation and submission of non-binding proposals, as well as access to a virtual data room containing additional information about the concessions.
The 455-sq km Albacora field, in water depths of 100-1,050 m, lies about 110 km from Cabo de São Tomé on the northern coast of Rio de Janeiro. In October, it produced 36,400 b/d of oil and 606,000 cu m/d of gas. Petrobras is operator with 100%. Its main producing reservoirs comprise high-quality, stacked, turbiditic sandstones of the Carapebus formation. Robust field reservoir characterization is underpinned by recent 4D and 3D seismic surveys and seismic attribute analysis. A number of horizontal and deviated well penetrations exist across the block.
The 511.56-sq km Albacora Leste field lies in water depths of 1,000-2,150 m about 120 km from Cabo de São Tomé. In October, it produced an average of 30,000 b/d of oil and 703,000 cu m/d of gas. The field comprises high quality turbiditic sandstone reservoirs with primary stratigraphic traps and secondary structural components. Petrobras is operator with a 90%. Repsol Sinopec Brasil holds the remaining 10%.