Frade 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 FR (Frade), with water depth of 4,687 feet. Buy the profile here.
An expansion project is associated with the Frade, namely the Frade Revitalization Phase 2. This project is currently in the feasibility stage.
Field participation details
The field is owned by PetroRio.
Production from Frade
The Frade heavy oil field recovered 66.03% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 71.43 thousand bpd of crude oil and condensate and 20.00 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 64.16 Mmboe, comprised of 63.35 Mmbbl of crude oil & condensate and 4.84 bcf of natural gas reserves. Frade heavy oil field reserves accounts 0.15% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the Frade heavy oil field
Some of the key contractors involved in the Frade project as follows.
Other Contractors: Web Nordeste and B2 Technical Solutions
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 Frade Heavy Oil Field, buy the profile here.