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April 29, 2022

Itaparica Conventional Gas Field, Brazil

By Carmen

Itaparica is a producing conventional gas field located onshore Brazil and is operated by Newo Oleo e Gas. The field is located in block I (Itaparica).

Field participation details

The field is owned by Newo Oleo e Gas and NTF Oil and Gas.


Production from Itaparica

The Itaparica conventional gas field recovered 92.46% of its total recoverable reserves, with peak production in 1989. The peak production was approximately 4 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2034.


Remaining recoverable reserves

The field is expected to recover 0.08 Mmboe, comprised of 0.08 Mmbbl of crude oil & condensate.


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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