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November 24, 2021updated 27 Apr 2022 12:58pm

Lula Pilot Conventional Oil Field, Brazil

By Carmen

Lula Pilot is a producing conventional oil field located in ultra-deepwater in Brazil and is operated by Petroleo Brasileiro. The field is located in block BM-S-11 (Tupi), with water depth of 6,950 feet.

An expansion project is associated with the Lula Pilot, namely Tupi Future Development . This project is currently in the approval stage.

Field participation details

The field is owned by Petroleo Brasileiro, Shell, China Petrochemical, Pre-Sal Petroleo and Galp Energia SGPS.


Production from Lula Pilot

The Lula Pilot conventional oil field recovered 83.79% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 88.6 thousand bpd of crude oil and condensate and 59 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 61.48 Mmboe, comprised of 54.53 Mmbbl of crude oil & condensate and 41.68 bcf of natural gas reserves. Lula Pilot conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


Contractors involved in the Lula Pilot conventional oil field

The key contractors involved in the Lula Pilot project as follows.

Other Contractors: Shearwater GeoServices

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.

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.

Related Companies

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