Sagitario is a conventional oil development located in ultra-deepwater in Brazil and is operated by Petroleo Brasileiro. Discovered in 2020, Sagitario lies in block S-M-623, with water depth of around 6,038 feet.
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 Repsol, China Petrochemical, Shell and Petroleo Brasileiro.
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 2061.
Remaining recoverable reserves
The field is expected to recover 400.69 Mmboe, comprised of 400.69 Mmbbl of crude oil & condensate.
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.
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.