Albacora Leste is a producing heavy oil field located in deepwater in Brazil and is operated by Petro Rio Jaguar Petroleo. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block ABL (Albacora Leste), with water depth of 6,416 feet. Buy the profile here.
Two expansion projects are associated with the Albacora Leste heavy oil field, namely the Albacora Leste Redevelopment Phase 1 and the Albacora Leste Redevelopment Phase 2. The expansion projects are currently in the feasibility stage.
Field participation details
The field is owned by China Petrochemical, PetroRio and Repsol.
Production from Albacora Leste
The Albacora Leste heavy oil field recovered 76.98% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 159.79 thousand bpd of crude oil and condensate and 34.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 126.02 Mmboe, comprised of 119.91 Mmbbl of crude oil & condensate and 36.65 bcf of natural gas reserves. Albacora Leste heavy oil field reserves accounts 0.29% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the Albacora Leste heavy oil field
The key contractors involved in the Albacora Leste project as follows.
Other Contractors: PGS
About Petro Rio Jaguar Petroleo
Petro Rio Jaguar Petroleo Ltda is a Oil and Gas company that offers Exploration of oil and gas. The company is Headquartered in Rio De Janeiro, Brazil.
For more details on the Albacora Leste Heavy Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
