Production Potential Raised at Carioca Discovery

Source: www.gulfoilandgas.com 3/5/2012, Location: South America

BG Group announced the start of a new well test in the Iracema area of the BM-S-11 concession in the pre-salt Santos Basin. The floating production, storage and offloading vessel (FPSO) Cidade de S?o Vicente was connected to the RJS-647 well, in water depths of 2 212 metres.

The FPSO will operate in the area for approximately six months, gathering technical information on reservoir behaviour and oil flow in the subsea lines, amongst other data. During this initial test phase the well is expected to produce at around 10 000 barrels of oil per day (bopd), constrained by facilities Ė as authorised by Brazilís National Agency for Petroleum, Natural Gas and Biofuels.

The well test is part of BG Groupís fast-track development of its interests in the world class pre-salt Santos Basin discoveries and prospects. The information gathered will support the development of the final production system in the area, expected to be in operation by the end of 2014 with the installation of the 150 000 bopd capacity FPSO Cidade de Mangaratiba. BG Group has a 25% interest in block BM-S-11, with operator Petrobras holding 65% and Petrogal Brasil S.A. 10%.


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