Camamu-Almada Basin


(CAL-M-312, CAL-M-372)

Situation

Fluid

Water Depth

     

Exploration

Oil
  1.600 m
     

Consortium

QGEP – 20%; Petrobras (operator) – 60%; EP Energy – 20%.

Year discovered

No drilling has been done.

Total disbursements (2013)

No relevant investment made.

Performance in 2013

The Consortium finalized environmental impact studies related to BM-CAL-12 and proceeded onto the process of obtaining environmental licensing, which is expected by the end of 2014.

Estimate for 2014

A pioneer well will be drilled in the CAM#01 prospect,
located in Block CAL-M-372, and its drilling will begin
after the license has been received.

Situation

Fluid

Water Depth

     

Exploration

Oil
 500 m
to 860 m
     

Consortium

QGEP – 27.5%; Petrobras (operator) – 72.5%.

Year discovered

Copaíba (2008).

Total disbursements (2013)

No relevant investment made.

Performance in 2013

The Consortium was awaiting Ibama issuance of the Term of Reference, which determines the scope of environmental impact studies to be done in the area.

Estimate for 2014

Environmental licensing expected to be obtained.

(Camarão Norte Field)

Situation

Fluid

Water Depth

     

Development

Gas
35 m
     

Consortium

QGEP – 45%; Petrobras (operator) – 35%;
Geopark – 10%; Brasoil – 10%.

Year discovered

2001.

Total disbursements (2013)

No relevant investment made.

Performance in 2013

The field is in the process of being unified with the adjacent field and no operational activities were carried out in 2013.

Estimate for 2014

Continuation of the unification process is expected.

(Manati Field)

Situation

Fluid

Water Depth

     

Production

Gas
35 m
     

Consortium

QGEP – 45%; Petrobras (operator) – 35%;
Geopark– 10%; Brasoil – 10%.

Year discovered

2000.

Total disbursements (2013)

No relevant investment made.

No relevant investment made.

Average production for the year was 6 million cubic meters per day, even with production being interrupted for 20 days, because of scheduled maintenance. The Field continues to present excellent profitability and an EBITDA margin of over 60%.

Estimate for 2014

Construction of a surface compression plant will begin in 2014 which will reestablish the reservoirs original pressure, extending the 6 million cubic meter level of daily production capacity to 2017. Average production for 2014 is estimated at 5.5 million m3. The compression plant should begin operating in mid-2015.