Papa-Terra is a producing heavy oil field located in deepwater in Brazil and is operated by 3R Petroleum Offshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block BC-20 (Papa-Terra), with water depth of 4,658 feet. Buy the profile here.
Field participation details
The field is owned by 3R Petroleum Oleo E Gas, DBO Energia and Nova Tecnica Energy.
Production from Papa-Terra
The Papa-Terra heavy oil field recovered 68.81% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 24.76 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2043.
Remaining recoverable reserves
The field is expected to recover 21.77 Mmboe, comprised of 21.74 Mmbbl of crude oil & condensate and 0.20 bcf of natural gas reserves. Papa-Terra heavy oil field reserves accounts 0.05% of total remaining reserves of producing heavy oil fields globally.
About 3R Petroleum Offshore
3R Petroleum Offshore SA (3R Petroleum) is engaged in exploring and producing oil, natural gas and fluid hydrocarbons. The company is headquartered in Rio de Janeiro, Rio de Janeiro, Brazil.
For more details on the Papa-Terra Heavy 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.
