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November 24, 2021updated 27 Apr 2022 12:52pm

Papa-Terra Heavy Oil Field, Brazil

By Carmen

Papa-Terra is a producing heavy oil field located in deepwater in Brazil and is operated by Petroleo Brasileiro. The field is located in block BC-20 (Papa-Terra), with water depth of 3,874 feet.

Field participation details

The field is owned by Petroleo Brasileiro and Chevron.


Production from Papa-Terra

The Papa-Terra heavy oil field recovered 47.33% 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 50.93 Mmboe, comprised of 49.96 Mmbbl of crude oil & condensate and 5.85 bcf of natural gas reserves. Papa-Terra heavy oil field reserves accounts 0.12% of total remaining reserves of producing heavy oil fields globally.


About Petroleo Brasileiro

Petroleo Brasileiro SA (Petrobras) is an integrated company specializing in the oil, natural gas and energy industry. 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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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