Output boost for Brazilian independent

15 October 2014, News Wires – Brazilian independent OGPar has reported an increase in oil production in September, as it linked a fourth well to the OSX-3 floating production, storage and offloading vessel at the Tubarao Martelo field in the Campos basin.

OGPar’s output last month totalled 17,510 barrels per day of oil, up 16% from 15,115 bpd produced in August.

oil rig

Production from Tubarao Martelo rose 22% to 14,460 bpd, while output from the nearby Tubarao Azul field fell 7% to 3045 bpd, as the area slowly approaches the end of its production cycle.

OGPar recently extended the agreement with oil services company OSX to keep the OSX-1 FPSO at Tubarao Azul until the end of the year, likely when the unit will be demobilised after exhausting the field’s recoverable volumes.

Separately, OGPar announced that a new report certifying reserves for Tubarao Martelo has been issued.

Consultancy firm DeGolyer & MacNaughton (D&M) estimates Tubarao Martelo to hold 15 million barrels of proved reserves, on top of the 3.3 million barrels produced until September.

D&M continues to estimate Tubarao Martelo to hold 78.5 million barrels of probable reserves and 103.6 million barrels of possible reserves.


– Upstream

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