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November 23, 2021

Bacalhau Conventional Oil Field, Brazil

By Carmen

Bacalhau is a conventional oil development located in ultra-deepwater in Brazil and is operated by Equinor Brasil Energia. Discovered in 2012, Bacalhau lies in block Norte De Carcara and BM-S-8 (Bacalhau), with water depth of around 6,727 feet.

The project is currently in construction stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2021. The development cost is expected to be $8,000 m. The Bacalhau conventional oil development will involve the drilling of approximately 19 wells and includes FPSO and subsea trees.

Field participation details

The field is owned by Exxon Mobil, Equinor, Galp Energia SGPS and China Petrochemical.


Production from Bacalhau

Production from the Bacalhau conventional oil development project is expected to begin in 2024 and is forecast to peak in 2025, to approximately 233,783 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.


Remaining recoverable reserves

The field is expected to recover 852.5 Mmboe, comprised of 852.5 Mmbbl of crude oil & condensate.


Contractors involved in the Bacalhau conventional oil field

Some of the key contractors involved in the Bacalhau project as follows.

Design/FEED Engineering: Aibel, Mitsui E&S Holdings, Schlumberger and Subsea 7

Main EPC: Mitsui E&S Holdings, Schlumberger and Subsea 7

EPC Contractors: Bomesc Offshore Engineering

Other Contractors: Arms Reliability Engineers, Baker Hughes, CGG, Fuelsave and H. Butting

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About Equinor Brasil Energia

Equinor Brasil Energia Ltda is a energy firm. The company owns and runs plants that produce petroleum, natural gas, and solar energy. It is headquartered in 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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