Argonauta is a producing heavy oil field located in ultra-deepwater in Brazil and is operated by Shell Brasil Petroleo. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block BC-10 (Argonauta), with water depth of 5,596 feet. Buy the profile here.

Field participation details

The field is owned by Oil and Natural Gas, QatarEnergy and Shell.

Production from Argonauta

The Argonauta heavy oil field recovered 68.96% of its total recoverable reserves, with peak production in 2017. The peak production was approximately 35.14 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 2035. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 46.88 Mmboe, comprised of 46.33 Mmbbl of crude oil & condensate and 3.34 bcf of natural gas reserves. Argonauta heavy oil field reserves accounts 0.11% of total remaining reserves of producing heavy oil fields globally.

About Shell Brasil Petroleo

Shell Brasil Petroleo Ltda (Shell Brasil) produces and distributes lubrificants e other chemical products. Shell Brasil is headquartered in Rio de Janeiro, Brazil.

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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.