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  1. Market Data
May 12, 2022

Tartaruga Conventional Oil Field, Brazil

By Carmen

Tartaruga is a producing conventional oil field located in shallow water in Brazil and is operated by Maha Energy. The field is located in block S107 (Tartaruga), with water depth of 45 feet.

Two expansion projects are associated with the Tartaruga conventional oil field, namely Tartaruga TTG-5 Development and Tartaruga TTG-4 Development . The expansion projects are currently in the feasibility stage.

Field participation details

The field is owned by Maha Energy and Petroleo Brasileiro.


Production from Tartaruga

The Tartaruga conventional oil field recovered 92.78% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 0.56 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025.


Remaining recoverable reserves

The field is expected to recover 0.09 Mmboe, comprised of 0.05 Mmbbl of crude oil & condensate and 0.24 bcf of natural gas reserves.


About Maha Energy

Maha Energy AB, an oil and gas company that engaged in providing oil and gas exploration and production services. The company is headquartered in Sweden.

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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