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November 24, 2021updated 27 Apr 2022 12:26pm

Frade Heavy Oil Field, Brazil

By Carmen

Frade is a producing heavy oil field located in deepwater in Brazil and is operated by Petro Rio Jaguar Petroleo. The field is located in block FR (Frade), with water depth of 4,265 feet.

An expansion project is associated with the Frade, namely Frade Redevelopment. This project is currently in the approval stage.

Field participation details

The field is owned by PetroRio.


Production from Frade

The Frade heavy oil field recovered 64.50% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 71.43 thousand bpd of crude oil and condensate and 20 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2038.


Remaining recoverable reserves

The field is expected to recover 64.06 Mmboe, comprised of 63.95 Mmbbl of crude oil & condensate and 0.65 bcf of natural gas reserves. Frade heavy oil field reserves accounts 0.15% of total remaining reserves of producing heavy oil fields globally.


Contractors involved in the Frade heavy oil field

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

Other Contractors: Novonor and OMNI Taxi Aereo

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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