Patola is a conventional oil development located in shallow water in Brazil and is operated by Karoon Petroleo & Gas. Discovered in 2011, Patola lies in block S-M-1288 (Bauna), with water depth of around 968 feet.
The project is currently in construction stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2021. The development cost is expected to be $195 m. The Patola conventional oil development will involve the drilling of approximately two wells and includes subsea tree.
Field participation details
The field is owned by Karoon Energy and NGE Capital.
Production from Patola
Production from the Patola conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 14,256 bpd of crude oil and condensate and 3 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2060.
Remaining recoverable reserves
The field is expected to recover 78.22 Mmboe, comprised of 75.21 Mmbbl of crude oil & condensate and 18.05 bcf of natural gas reserves.
Contractors involved in the Patola conventional oil field
Some of the key contractors involved in the Patola project as follows.
Main EPC: TechnipFMC
Other Contractors: A.P. Moller – Maersk
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.