Gavea is a conventional gas 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, lies in block C-M-539, with water depth of around 8,886 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2023. The Gavea conventional gas development will involve the drilling of approximately two wells.
Field participation details
The field is owned by China Petrochemical, Equinor, Petroleo Brasileiro and Repsol.
Production from Gavea
Production from the Gavea conventional gas development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 31,381 bpd of crude oil and condensate and 141 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 196.48 Mmboe, comprised of 110.55 Mmbbl of crude oil & condensate and 515.54 bcf of natural gas reserves.
Contractors involved in the Gavea conventional gas field
Some of the key contractors involved in the Gavea project as follows.
Design/FEED Engineering: TechnipFMC
Other Contractors: IKM Holding
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 Gavea Conventional Gas 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.
