Pre-Salt`s Reality: Update

“Pre-Salt’s Reality: Update”
Guilherme E. Zerbinatti Papaterra
Advisor of Board Director (ANP)
(Geologist & Regulatory Specialist)
PRE SALT TECH 3rd Annual - Rio de Janeiro, April 03, 2014
“Pre-salt“
Reservoir
Main Reservoir (Carbonates) @ basement structural highs controlling hydrocarbon accumulations
Microbialites (Sag phase / Sin-Rifte/ sub-horizontal strata )
Macabu Fm (Campos basin); Barra Velha Fm (Santos basin)
Coquinas (Rifte)
Coqueiros Fm (Campos basin ) ; Itapema Fm (Santos basin)
(font: Estrella , 2008)
font: Henry, 2009)
(font: Horschutz et al., 1992)
“Pre-salt“
Reservoir – Main Technological Challenges
of exploitation
Large lateral and vertical variability n their Permo-porous properties (0 from
30%);
Permeabilities ranging from less than 0.1 to 1.000-5.000 mD;
Deep reservoirs located at a depth ultra deep water (in some cases with nearly
two thousand meters);
Presence of faults, fractures , vugs and caves (@ impacting drilling operations ,
cementing and completion of wells);
Intelligent wells completions (up to 3 intervals);
Uncertainty about efficiency in secondary recovery (water injection, gas or
alternating water and gas);
Presence of varying levels of contaminants ( H²S and CO2 ) in the fluid produced.
“Pre-salt”
Exploration (Assessment Phase)
SANTOS Basin
@ 11 blocks
Campos
BM-S-8 (1BRSA532ASPS)
BM-S-11 (1BRSA618RJS)
BM-S-21 (1BRSA526SPS)
BM-S-24
(1BRSA559ARJS)
S-M-518 (1SHEL23RJS)
S-M-417
(1BRSA925ARJS)
S-M-324
(1BRSA925ARJS)
 Transfer Rights (“Cessão
Onerosa”
CAMPOS Basin
@ 5 blocks
Santos
BM-C-14 (1BRSA665RJS)
C-M-202 (1APL4DRJS)
C-M-539 (6REPF6PRJS)
C-M-101 (1APL1ESS)
C-M-61 (1DEV15ESS)
font : ANP (feb 2014)
“Pre-salt”
Exploration (Assessment Phase) – Campos basin
Operators
Campos
font : ANP (feb 2014)
“Pre-salt”
Exploration (Assessment Phase) – Santos basin
Operators
Santos
font : ANP (feb 2014)
“Pre-salt”
Production
Parque
das
Baleias
Campos
Santos
Búzios
Lula
Sapinhoá
Lapa
SANTOS Basin
Lula
Sapinhoá
Lapa
Búzios (ex Franco)
CAMPOS Basin
Baleia Azul
Baleia Franca
Barracuda
Cachalote
Caratinga
Caxareu
Espadarte
Jubarte
Marlim
Marlim Leste
Maromba
Pirambu
*Bagre, Bicudo, Congro,
Linguado, Pampo, Trilha,
Voador
*Geological horizon called Pre-salt according to
provisional Measure No. 592/2012
font : ANP (feb 2014)
“Pre-salt”
E&P Companies
Operators
 Anadarko (E) , BP (E), Petrobras (E&P), Repsol
Sinopec (E), Shell (E)
Non-Operators
 Barra Energia (E), BG (E&P), CNPC (E), CNOOC (E)
Ecopetrol (E), Galp (E&P), Maersk (E), Partex (E),
Petrobras (E), Queiroz Galvão (E), Repsol Sinopec
(E&P), Shell (E), Statoil (E), Total (E)
E = Exploration ; P= Production
font : ANP (feb 2014)
“Pre-salt” Production
(Oil bbl/dia)
font : ANP (feb 2014)
“Pre-salt” Production
(Oil bbl/dia)
“Pre-salt”
Post Salt + “Pre-salt”
font : ANP (feb 2014)
“Pre-salt”
Well Productivity - Santos basin (Feb, 2014*)
Lula @ 08 wells @
CP 177MM bbl/d
Sapinhoá @ 03 wells
@ CP 40MM bbl/d
* Preliminary
CP= Cumulative Production
font : ANP (feb 2014)
“Pre-salt”
Well Productivity - Campos basin (Feb, 2014*)
Baleia Azul @04 wells @ CP 56MM bbl/d
Marlim Leste @04 wells @ CP 53MM bbl/d
Jubarte @02 wells @ CP 45MM bbl/d
* Preliminary
CP= Cumulative Production
font : ANP (feb 2014)
“Pre-salt”
CUMULATIVE OIL PRODUCTION (*)
@ 127 MM bbl (*Até 2012)
@ 410 MM bbl (*UNTIL 2013)
(* Sag+ Rifte)
font : ANP (feb 2014)
Libra’s forecast
(D&P)
12 to 18 platforms
60 to 90 supply boats
Infrastructure investments expected
R$ 130 (US$ 55) billions
Production peak: ~ 1,4 million bbl/d
Royalties: ~ R$ 300 (US$ 128) billions*
COMPANIES
Petrobras – 40%*
Social Fund: ~ R$ 600 (US$ 256) billions*
Shell – 20%
Total – 20%
CNPC – 10%
CNOOC - 10%
*nominal values
font : ANP (feb 2014)
Libra’s forecast
(Annual Work and Budget Program 2014)
1th to 4th
Quartely
(Seismic
Processing)
4rth Quartely
2014
(Exploratory
Well Drilling)
3rd Quartely
2014
(Exploratory
Well Drilling)
2014 @R$ 855 MM
font : ANP (feb 2014)
“Pre-salt”
Forecasting Production
font : ANP (feb 2014)
THANK YOU
Agência Nacional do Petróleo, Gás Natural e Biocombustiveis – ANP
Av. Rio Branco, 65 – Centro – Rio de Janeiro – Brasil (22º andar)
Guilherme E. Zerbinatti Papaterra
Fone: +55 (21) 2112-8166
email: gpapaterra@anp.gov.br
www.anp.gov.br