Sagitario 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, Sagitario was discovered in 2020, lies in block S-M-623, with water depth of around 6,143 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2027. The Sagitario conventional oil development will involve the drilling of approximately 16 wells and includes FPSO and subsea trees.
Field participation details
The field is owned by China Petrochemical, Petroleo Brasileiro, Repsol and Shell.
Production from Sagitario
Production from the Sagitario conventional oil development project is expected to begin in 2027 and is forecast to peak in 2028, to approximately 80,080 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2071.
Remaining recoverable reserves
The field is expected to recover 423.63 Mmboe, comprised of 423.63 Mmbbl of crude oil & condensate.
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 Sagitario 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.
