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November 26, 2021

Argonauta Heavy Oil Field, Brazil

By Carmen

Argonauta is a producing heavy oil field located in ultra-deepwater in Brazil and is operated by Shell Brasil Petroleo. The field is located in block BC-10 (Argonauta), with water depth of 5,471 feet.

Field participation details

The field is owned by Oil and Natural Gas, Royal Dutch Shell and QatarEnergy.


Production from Argonauta

The Argonauta heavy oil field recovered 43.70% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 35.14 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2041. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 113.84 Mmboe, comprised of 112.1 Mmbbl of crude oil & condensate and 10.42 bcf of natural gas reserves. Argonauta heavy oil field reserves accounts 0.25% of total remaining reserves of producing heavy oil fields globally.


About Shell Brasil Petroleo

Shell Brasil Petroleo Ltda (Shell Brasil) produces and distributes lubrificants e other chemical products. Shell Brasil is headquartered in Rio de Janeiro, Brazil.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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