Lula Oeste is a conventional oil development located in ultra-deepwater in Brazil and is operated by Petroleo Brasileiro. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block BM-S-11 (Tupi), with water depth of around 7,218 feet. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2023. The Lula Oeste conventional oil development will includes FPSO.
Field participation details
The field is owned by China Petrochemical, Galp Energia SGPS, Petroleo Brasileiro, Pre-Sal Petroleo and Shell.
Production from Lula Oeste
Production from the Lula Oeste conventional oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 139,854 bpd of crude oil and condensate and 100 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2061.
Remaining recoverable reserves
The field is expected to recover 919.65 Mmboe, comprised of 826.67 Mmbbl of crude oil & condensate and 557.89 bcf of natural gas reserves.
Contractors involved in the Lula Oeste conventional oil field
Some of the key contractors involved in the Lula Oeste project as follows.
Other Contractors: Baker Hughes, Hempel, Honeywell International, Oceanica Engenharia Consultoria e Projetos and Metroval
About Petroleo Brasileiro
Petroleo Brasileiro SA (Petrobras) is an integrated oil & gas company. Its major businesses include exploration and production, refining, marketing, trade and transportation of oil and gas. The company also conducts biofuel, natural gas, petrochemical, electricity and chemical businesses, and oil product distribution. It is a major crude oil producer and refiner in Brazil and the South American continent. It also participates in the domestic power market through investments in thermoelectric power plants and renewable energy. Through its subsidiaries and affiliates, Petrobras markets its products in North America, South America, Africa and Asia. Petrobras is headquartered in Rio de Janeiro, Brazil.
For more details on the Lula Oeste 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.
