Gulf Oil and Gas accountACCOUNT

QGEP Announces First Oil from the Atlanta Field in the Santos Basin

Source: www.gulfoilandgas.com 5/3/2018, Location: South America

Share |
QGEP Participaçoes S.A. (QGEP) produced first oil from the Atlanta Field on May 02nd,2018.

Operator of Block BS-4 with a 30% working interest, QGEP confirmed initial production from one well in the Atlanta Field. The well 7-ATL-2HP-RJS is still in the stabilization phase and the Field is expected to reach daily production of 20,000 barrels of oil later in the second quarter of this year, from two wells. The oil is being produced to the FPSO, Petrojarl I, and will be sold to Shell, who has contracted to purchase all of the production from the Atlanta Field’s Early Production System (EPS).

Commenting, Lincoln R. Guardado, QGEP’s Chief Executive Officer, said, “We are pleased to announce the beginning of production in Atlanta, a Field which we have been successfully overcoming technical challenges. This represents QGEP’s second producing asset and will be a positive contributor to our operating cash flow. This project has a special meaning for us. We are the first Brazilian independent oil and gas company operating in ultra-deep waters, thus proving our technical and operational capability.”

Danilo Oliveira, QGEP’s Production Director, added: “Later this year, the consortium will decide whether to drill a third well as part of the EPS, which could add 10,000 barrels per day (kbpd) to production. This phase will be important to the longer term objective of establishing the Full Development System in Atlanta, where we expect a maximum production of about 75 kbpd until 2021.”

Located in Block BS-4, in the Santos Basin, Atlanta is a post-salt oil field situated 185 kilometers from the city of Rio de Janeiro, in water depths of approximately 1,500 meters.



Production News in Brazil >>

Brazil >>  7/17/2018 - Petrobras reports that, in June, its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent ...
Azerbaijan >>  7/16/2018 - Exports from the first stage of Azerbaijan's giant Shah Deniz gas field stood at 3.654 billion cubic metres (bcm) in the first half of this year, down...

Libya >>  7/12/2018 - Libya’s National Oil Corporation (NOC) said that it was reopening the El Feel oilfield after resolving a dispute with guards over pay and benefits tha...
Libya >>  7/12/2018 - Libya’s Abu Attifel oil field, which had been shut for about two weeks due to a stand-off at eastern export terminals, has resumed operations, an engi...

Libya >>  7/5/2018 - National Oil Corporation (NOC) and Eni announce that Mellitah Oil & Gas, Eni and NOC joint venture company (50/50), has started production from the fi...
Algeria >>  7/4/2018 - The Algerian Minister of Interior, Local Authorities and National Planning, Noureddine Bedoui and Minister of Energy, Mustapha Guitouni, the Sonatrach...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Brazil Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

Oil & Gas Projects in Brazil >>

More News

 

Oil & Gas Companies in Brazil >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.