Jubarte is a producing heavy oil field located in deepwater in Brazil and is operated by Petroleo Brasileiro. The field is located in block BC-60 (Jubarte), with water depth of 4,228 feet.
An expansion project is associated with the Jubarte, namely Caxareu. This project is currently in the approval stage, expected to start in 2024.
Field participation details
The field is owned by Petroleo Brasileiro.
Production from Jubarte
The Jubarte heavy oil field recovered 66.90% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 315.2 thousand bpd of crude oil and condensate and 220 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 6% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 557.08 Mmboe, comprised of 480.63 Mmbbl of crude oil & condensate and 458.7 bcf of natural gas reserves. Jubarte heavy oil field reserves accounts 1.22% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the Jubarte heavy oil field
The key contractors involved in the Jubarte project as follows.
Other Contractors: Aker Kvaerner Subsea
About Petroleo Brasileiro
Petroleo Brasileiro SA (Petrobras) is an integrated company specializing in the oil, natural gas and energy industry. Its major businesses include exploration and production, refining, marketing, trade and transportation of oil and gas. The company also conducts biofuel, natural gas, petrochemical, electricity and chemical businesses, and oil product distribution. It is a major crude oil producer and refiner in Brazil and the South American continent. It also participates in the domestic power market through investments in thermoelectric power plants and renewable energy. Through its subsidiaries and affiliates, Petrobras markets its products in North America, South America, Africa and Asia. Petrobras is headquartered in Rio de Janeiro, Brazil.
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.