Bacalhau is a conventional oil development located in ultra-deepwater in Brazil and is operated by Equinor Brasil Energia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Bacalhau was discovered in 2012, lies in block BM-S-8 (Bacalhau), with water depth of around 6,796 feet. Buy the profile here.

The project is currently in construction stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project was approved in 2021. The development cost is expected to be $8,000 m. The Bacalhau conventional oil development will involve the drilling of approximately 19 wells and includes FPSO and subsea trees.

Field participation details

The field is owned by China Petrochemical, Equinor, Exxon Mobil and Galp Energia SGPS.

Production from Bacalhau

Production from the Bacalhau conventional oil development project is expected to begin in 2025 and is forecast to peak in 2026, to approximately 233,783 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2051.

Remaining recoverable reserves

The field is expected to recover 852.50 Mmboe, comprised of 852.50 Mmbbl of crude oil & condensate.

Contractors involved in the Bacalhau conventional oil field

Some of the key contractors involved in the Bacalhau project as follows.

Design/FEED Engineering: Schlumberger, Subsea 7, Mitsui E&S Holdings and Aibel

Main EPC: Schlumberger, Subsea 7 and Mitsui E&S Holdings

EPC Contractors: Bomesc Offshore Engineering

Other Contractors: Baker Hughes, CGG, H. Butting, Arms Reliability Engineers and Fuelsave

About Equinor Brasil Energia

Equinor Brasil Energia Ltda is a energy firm. The company owns and runs plants that produce petroleum, natural gas, and solar energy. It is headquartered in Brazil.

For more details on the Bacalhau Conventional Oil Field, buy the profile here.


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.