GRI G4-4
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QGEP's assets in Brazil

QGEP’s investment strategy brought the Company’s portfolio of assets to a new level in 2013, with acquisitions in the 11th Round of National Agency of Oil, Natural Gas and Biofuel (ANP) Bidding. As a result of the bid, QGEP acquired eight new Blocks in five basins, operating five of the new acquisitions as well as diversifying its network of partners, with five new companies, three of which are market majors. In addition to lowering risks, this Company’s expanded operations promote an exchange of technology and knowledge.

Investments are focused on development of the Atlanta Field and on drilling in BM-J-2. Goals established for 2013 were met, strengthening the Company’s pillars for growth. Geographic diversification and new partnerships were achieved through diligent participation in the ANP bid, while the results in BS-4 and BM-J-2 Blocks have reaffirmed QGEP’s expertise as an operator.



NET QGEP INVESTMENT BY ACTIVITY
(US$ MILLIONS)		   NET QGEP INVESTMENT BY BLOCK
(US$ MILLIONS)
     
 


Atlanta Field

Located in the pre-salt exclusion area of Santos Basin, where major discoveries have been made.


CHARACTERISTICS

Water Depth
1,550 meters (ultra-deepwaters
 Fluid
14º API oil (heavy oil)		 Oil in situ
1.5 billion
barrels of oil
equivalent (BOE)		 Unconsolidated
reservoir

CONSORTIUM

  

LOCATION

 
 


FPSO
Shuttle Tanker
750 to
800 m
Water Depth
Post salt
layer
Reservoir
layer
0 m
1,500 m
2,300 m
  •   DRILLING For the first time in Brazil, a special technique (known as pump & dump) was used in drilling to achieve the proper inclination. Once the necessary depth was reached, horizontal drilling began, which also required advanced technologies applied in a customized manner.
  •   LOWER COMPLETION After drilling the horizontal section, the fluid used is replaced by completion fluid and special screens are ran to contain formation sand. These screens are packed with gravel (filtering agent) to prevent formation sand from being mixed with oil, which can damage the ESP (eletric submersible pump) and surface equipment.
  •   FORMATION TESTING In this phase the reservoir productivity is assessed and the necessary parameters for Field development are obtained, such as productivity rate, reservoir pressure, and permeability. Also at this stage, oil samples contained in the reservoir formation are collected.
  •   UPPER COMPLETION After the gravel, well is secured for a temporary abandonment. BOP is retrieved and the Subsea Horizontal Christmas Tree (HWCT), a system that controls oil flow from reservoir to the FPSO.
  •   SUBSEA LAYOUT Pipelines are installed to enable oil flow and control lines to remotely operate the Subsea Horizontal Christmas Tree. The system is responsible for controlling and monitoring the well and the submersible centrifugal pump, which pumps the oil to the surface.
  •   PRODUCTION The Floating Production Storage and Offloading Unit (FPSO) processes the produced oil, separating water and gas through a process plant and utilities specifically designed for Atlanta oil. The oil is exported by a shuttle tanker, gas is consumed internally and water, after treatment, is discarded at the sea.

EXPLORATION AND PRODUCTION OF ATLANTA FIELD

FINEP funding of R$ 266 million due to the technological innovations of Atlanta’s Early Production System.

Pioneer Project
The Industry will benet from; integrated use of drilling and completion technologies, information on the behavior and productivity of reservoir, and the production plant.

Different proven technologies were used in an innovative way enabling the eld's economic development.

  

COMPETENT TECHNICAL TEAM

  Approximately 100 direct contractors
  Approximately 1,000 indirect jobs
  468 trained in environmental education in 2013
  Implementation of socio and environmental projects