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.
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
