Aracas is a producing conventional oil field located onshore Brazil and is operated by Petroleo Brasileiro. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block AR (Aracas). Buy the profile here.
Field participation details
The field is owned by Petroleo Brasileiro.
Production from Aracas
The Aracas conventional oil field recovered 96.25% of its total recoverable reserves, with peak production in 1992. The peak production was approximately 7.04 thousand bpd of crude oil and condensate and 5.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2027.
Remaining recoverable reserves
The field is expected to recover 2.76 Mmboe, comprised of 1.53 Mmbbl of crude oil & condensate and 7.43 bcf of natural gas reserves.
About Petroleo Brasileiro
Petroleo Brasileiro SA (Petrobras) is an integrated oil & gas company. 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.
For more details on the Aracas Conventional Oil Field, buy the profile here.