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November 23, 2021

Pitangola Heavy Oil Field, Brazil

By Carmen

Pitangola is a heavy oil development located in shallow water in Brazil and is operated by Equinor Brasil Energia. Discovered in 2011, Pitangola lies in block BM-C-7 (Peregrino), with water depth of around 443 feet.

The project is currently in construction stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2014. The development cost is expected to be $3,000 m. The Pitangola heavy oil development will involve the drilling of approximately 21 wells and includes wellhead platform.

Field participation details

The field is owned by Sinochem and Equinor.


Production from Pitangola

Production from the Pitangola heavy oil development project is expected to begin in 2022 and is forecast to peak in 2026, to approximately 62,154 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2047.


Remaining recoverable reserves

The field is expected to recover 266.31 Mmboe, comprised of 266.31 Mmbbl of crude oil & condensate.


Contractors involved in the Pitangola heavy oil field

Some of the key contractors involved in the Pitangola project as follows.

Design/FEED Engineering: IKM Gruppen and KCA Deutag Alpha

Main EPC: Cameron Sense and TechnipFMC

EPC Contractors: Apply and Heerema International Group Services

Other Contractors: Archer, Doedijns Group International, DOF, FoundOcean and GranInvestimentos

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About Equinor Brasil Energia

Equinor Brasil Energia Ltda is a energy firm. The company owns and runs plants that produce petroleum, natural gas, and solar energy. It is headquartered in 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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