Polvo is a producing heavy oil field located in shallow water in Brazil and is operated by Petro Rio O&G Exploracao e Producao de Petroleo. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block BM-C-8 (Polvo), with water depth of 397 feet. Buy the profile here.
An expansion project is associated with the Polvo, namely the Polvo Phase 3 . This project is currently in the construction stage.
Field participation details
The field is owned by Prio.
Production from Polvo
The Polvo heavy oil field recovered 65.84% of its total recoverable reserves, with peak production in 2010. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039.
About Petro Rio O&G Exploracao e Producao de Petroleo
Petro Rio O&G Exploracao e Producao de Petroleo Ltda, a subsidiary of Prio SA, is engaged in the exploration, development and distribution of oil and natural gas. The company is headquartered in Rio de Janeiro, Brazil.
For more details on the Polvo Heavy Oil Field, buy the profile here.