Candeias-Terra is a producing conventional oil field located onshore Brazil and is operated by Ouro Preto Energia Onshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block C (Candeias). Buy the profile here.
Field participation details
The field is owned by 3R Petroleum Oleo E Gas.
Production from Candeias-Terra
The Candeias-Terra conventional oil field recovered 94.18% of its total recoverable reserves, with peak production in 1999. The peak production was approximately 3.78 thousand bpd of crude oil and condensate and 6.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032.
Remaining recoverable reserves
The field is expected to recover 2.14 Mmboe, comprised of 0.71 Mmbbl of crude oil & condensate and 8.59 bcf of natural gas reserves.
About Ouro Preto Energia Onshore
Ouro Preto Energia Onshore SA (Ouro Preto Energia) is involved in oil & gas exploration & production. It is headquartered in Sao Luis, Maranhao, Brazil.
For more details on the Candeias-Terra Conventional 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.
