Brazil Round 9 Exploration Opportunities in Brazil

Brazil Round 9
Exploration Opportunities in
Brazil
Highligths
Newton R. Monteiro
London – 26th September 2007
Brazil Round 9
Blocks for E&P Activities
• The High Potential Basins/Blocks
• A New Frontier Basin/Blocks
Highligths
Brazil Round 9
Offered Areas
Campos
Campos Basin
Campos Basin
• Brazil´s most productive Basin
• Still far from be a Mature Basin
• Shallow and Deep Water E&P
Opportunities
Location, Geological
Limits and Bathymetry
Espírito Santo Basin
Vit
Shallow water
Sector
óri
aH
ig h
Ca
bo
F ri
ig h
oH
Santos Basin
Deep Water
Sectors
Location, Geological
Limits and Bathymetry
Vit
• 95,507 km² to 3,000m
water depth, or 154,076
km² until 200 nautical
miles
óri
aH
ig h
Offered Blocks: 31
Area: 11,611 km²
Reserves and Production
OOIP and OGIP
Accumulated production
Proven reserve
Oil
( B bbl )
72.6
5.8
10.7
Total Gas
( B SCF )
2,860.0
320.13
462.81
Main Plays
Baixo de
S. J. da
Barra
Alto de
Badejo
Turbiditos
K. e T.
Carbonatos
Albianos
Baixo de
CorvinaParati
Província de
Domos de Sal
Alto
Externo
Baixo de
Marlim
Barre-Apt Rift Play
Play
Fields
Lagoa Feia
04
Main Plays
Baixo de
S. J. da
Barra
Alto de
Badejo
Play
Turbiditos
K. e T.
Carbonatos
Albianos
Baixo
de Play
Albian
CorvinaAlto
Parati
Fields
Externo
Macaé Quissamã/Outeiro
10
Província de
Domos de Sal
Baixo de
Marlim
Main Plays
Play
Fields
Carapebus Cretaceous
07
Upper Cretaceous Play
Baixo de
S. J. da
Barra
Alto de
Badejo
Turbiditos
K. e T.
Carbonatos
Albianos
Baixo de
CorvinaParati
Província de
Domos de Sal
Alto
Externo
Baixo de
Marlim
Main Plays
Baixo de
S. J. da
Barra
Alto de
Badejo
Turbiditos
K. e T.
Carbonatos
Albianos
Tertiary Play Província de
Baixo de
CorvinaParati
Play
Domos de Sal
Alto
Baixo de
Carapebus Eocene
Externo
Marlim
Play
Fields
14
Fields
Carapebus Oligo Miocene 12
Petroleum Fields and
Main Reservoirs
Operator
Companies
58 Fields (40 Production
and 18 Development)
km
Technological Limits
Advance to the Ultra-deep
waters.
No technological constraints
in the offered blocks
Petrobras
Round 9 - Areas
Average size of offered
blocks :
Shallow Water ~ 159 km2
Deep Water ~ 716 km2
km
Potential Reserves
In the offered blocks ANP estimates potential
reserves of more than 650 MM bbl, assuming
the Campos Basin 15% historical sucess chance.
Sector AP-3
These blocks are adjacent to giant fields :
ƒMarlim
bbl OOIP;
– Total 6,36
Area:B3,666
km2
ƒMarlim Leste
4,14 B 1,900
bbl OOIP;
– Water Depth:
a 2,500 m
ƒMarlim Sul– 04 Exploratory
8,29 B bbl
OOIP;
Blocks:
– 14 Wells
ƒAlbacora Leste
3,64 B bbl OOIP;
ƒRoncador
6,96 B bbl OOIP.
Exploratory
Opportunities
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C-M-342
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FRADE
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* ALBACORA LESTE
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*ALBACORA
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* **
******
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** ***
*MARLIM
* *
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LESTE
* **** **** * MARLIM
* **** *
** *
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****** *** ****** *
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* ****
*** **
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* *MARLIM SUL
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Oligo-Miocene
Marlim reservoir
Marlim Leste reservoir
Marlim
6,36 B bbl OOIP
Marlim Leste
4,14 B bbl OOIP
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SC-AP1
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exploratory
opportunities
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SC-AP3
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Sector AP-5
Total Area: 3,580 km2
Water Depth : > 1,000 m
06 Exploratory Blocks
22 Wells
Exploratory
Opportunities
Papa-Terra
Papa-Terra
Papa-Terra Field
C-M-596
C-M-596
Expectation of 16 0 API for the
Maastrichtian horizon
2,96 B bbl OOIP
courtesy Western-Geco
Sector SC-AR4
Total Area: 3,014 km2
Water Depth: 50 to 400 m
19 Exploratory Blocks
21 Wells
Exploratory
Opportunities
Expectation around 20 0 API for
the horizons Eocene
Peregrino
2,29 B bbl OOIP
Maromba
4,59 B bbl OOIP
Expectation upper 22 0 API for
the Aptian horizon
courtesy Western-Geco
Campos Basin
Bid and Contract Parameters
• Minimum Bonus (MMUSD): 2.1 @ 150
• Exploration Period (years) : 5 and 6
Brazil Round 9
Offered Areas
Campos
Santos Basin
Santos Basin
• Brazil´s most promising Basin
• Pre-Salt Play considered now the
new “El Dorado”
• Gas & Light Oil opportunities in
front of country´s largest
consumer market
Situation and Geologic
Boundaries
Basin Area and
Bathymetry
Area: 338 thousands km² until 200 nautical
miles
Area: 272 thousands km² until 3,000 m
Situation of Round 9
Sectors
Situation of Round 9
Sectors
São Paulo
Round 9
Operator Companies
Operators
Petrobras
Repsol
BG
Maersk
Shell
Newfield
Esso
Eni
Oil & Gas Fields
MEXILHÃO FIELD
OGIP: 3.4 Tcf
FIELDS OF BS-500 BLOCK
OGIP: 1.6 Tcf
MERLUZA FIELD
OGIP: 74 Bcf
50
0
10
40
0
00
0
1
00
20
CAVALO MARINHO FIELD
OOIP: 460 million barrels
00
25
Recent Discoveries
FIELD
NAME
DATE
MAIN PRODUCTOR
HORIZONS
OOIP/OGIP
CAVALO
MARINHO
Ago-03
LAGOSTA
Set-04
URUGUÁ
Dez-05
TAMBAÚ
Dez-05
ATLANTA
Fev-07
Fm, Marambaia (Tertiary)
-
OLIVA
Fev-07
Fm, Marambaia (Tertiary)
754 MM bbl
TAMBUATÁ
Fev-07
CARAPIÁ
Fev-07
PIRAPITANGA Fev-07
Fm, Guarujá (Early albian)
Mb, Ilha Bela - Fm, Itajaí-Açu
(Upper Cretaceous)
Mb, Ilha Bela - Fm, Itajaí-Açu
(Upper Cretaceous)
Fm, Itanhaém (Late albian)
Mb, Ilha Bela - Fm, Itajaí-Açu
(Upper Cretaceous)
Mb, Ilha Bela - Fm, Itajaí-Açu
(Upper Cretaceous)
Fm, Florianópolis (Middle Albian)
460 MM bbl
173 Bcf
1 Tcf
1.6 Tcf
1.6 B bbl
65 MM bbl
2.5 Tcf
Main Plays
Upper Cretaceous Play
Tertiary Play
Pre-salt Play
Albian Play
Sector SS-AR2
Blocks Offered
SS-AR2
– 10 exploratory blocks
– Total Area: 1,413 km2
– Water Depth: 100 to 400 m
MEXILHÃO
FIELD
Upper Cretaceous
Exploratory
Opportunities
S-M-269
S-M-314
MEXILHÃO AREA
OGIP = 3.4 Tcf
Courtesy Schlumberger-Western Geco
Sector SS-AR3
Blocks Offered
SS-AR3
Sector SS-AR3
Blocks Offered
MERLUZA
FIELD
LAGOSTA
FIELD
- 32 exploratory blocks
- Total Area: 5,365 km2
- Water Depth: 100 to 400 m
Albian Exploratory
Opportunities
S-M-843
S-M-907
S-M-971
S-M-1036
Courtesy Schlumberger-Western Geco
Sector SS-AR4
Blocks Offered
SS-AR4
Sector SS-AR4
Blocks Offered
– 52 exploratory blocks
–Total Area: 8,638 km2
– Water Depth: 100 to 400 m
Albian Exploratory
Opportunities
S-M-1095
S-M-1159S-M-1224 S-M-1286
S-M-1287
S-M-1350
Courtesy Schlumberger-Western Geco
Sectors
SS-AUP2 & SS-AUP3
Blocks Offered
SS-AUP2
SS-AUP3
Sectors
SS-AUP2 & SS-AUP3
Blocks Offered
– 26 exploratory
blocks
– Total Area:
15,676 km2
BM-S-10
BM-S-11
– Water Depth:
2,000 to 2,500 m
BM-S-9
BM-S-8
Pre-Salt Exploratory
Opportunities
S-M-986
S-M-1115
BM-S-21
Round 8
Sedmentary
Thickness
~ 4,400 m
Salt Base
~ 6,400 m
Sedmentary Thickness
~2,200 m
Salt Base
~ 4,750 m
Water Depth ~ 2,250 m to 2,500 m
S-M-1245
Pre-Salt Exploratory
Opportunities
S-M-746
BM-S-11
Tested =
4,900 barrels oil/day
150,000 m³ gas/day
Water depth ~ 2,250 m
S-M-998
S-M-746
BM-S-11
S-M-998
For the pre-salt opportunities
ANP estimates around 3 billion
barrels of recoverable oil
(~ 30º API)
Santos Basin
Bid and Contract Parameters
• Minimum Bonus (MMUSD): 2.4 @ 126
• Exploration Period (years) : 5 and 7
Brazil Round 9
Offered Areas
Parnaíba Basin
Campos
Parnaíba Basin
• One of the country´s largest onshore
sedimentary basins
• Strategically located; almost
unexplored; several oil and gas shows;
known gas seeps.
• Close to Carajas Mining Complex, a
world class project
Location
Total Area = 668,858 km2
Paleozoic Intracratonic basin
Sedimentary infill
Cretaceous – Tertiary cover
Infrastructure of the
Brazilian northeastern region
offered area
Itaqui
Itaqui Port
Port
BR-135
BR-135 -- MA
MA –– Itaqui
Itaqui Port
Port Acess
Acess
BR-135-PI-BA-MG
BR-135-PI-BA-MG
Total investment:
R$ 7.3 bilhões
2007 - 2010
BR-222-CE
BR-222-CE –– Pecém
Pecém Port
Port Acess
Acess
Nova
Nova
Transnordestina
Transnordestina
Railroad
Railroad
BR
BR 101
101
Nordeste
Nordeste
Suape
Suape Port
Port
Acess
Acess
Brazilian northeastern region
9 Area of 1.5 million km²; population of 51 million inhabitants
(28% of brazilian population) and GNP of USD 93.6 billions
(2004)
9 Climate: tropical and wet equatorial
9Brazilian northeastern has incentive programs to productives
activities and also fiscal benefits
Exploration History
34 wells
22 wildcats
12 stratigraphic wells
7 special wells
13,194 km
2D seismic
163,690 km² of
magnetometry data
Seismic 2D post-stack
Seismic 2D pre-stack
116,360 km² of gravimetry
data
Aerogeophysic survey
ANP/2006
Bacia do Parnaíba
Grav/Mag
Area: 748,612,4 km²
(183,877.03 linear km)
Gama/Mag
Area: 240,000 km²
(544,446 linear km)
ccccccccccTectonic
stratigraphic evolution
Parnaiba Basin Stratigraphic chart
The stratigraphic framework of the Parnaíba Basin is
comprised by the following depositional sequences
CRETACEOUS
JURASSIC
TRIASSIC
Urucuia, Areado, Itapecuru, Codó,
Grajaú and Sardinha formations
Corda, Pastos Bons and
Mosquito formations
Sambaíba, Motuca, Pedra de Fogo
and Piauí formations
DEVONIAN
Poti, Longá, Cabeças,
CARBONIFEROUS Pimenteiras and Itaim formations
SILURIAN
Jaicós, Tianguá and Ipu formations
ORDOVICIAN
LATE PROTEROZOIC
Mirador Formation
Riachão Formation
Structural Framework
Geologic section
Source:
Source: Milani e Zalan,
Zalan, 1998
Schematic Geologic
Cross-Section
Parnaíba Basin Schematic Geologic Cross-Section
Permian
Devonian
Silurian
Proterozoic
Source rocks
Well 9 – PAF – 7 – MA
drilled in 1964
Raios gama
40
API
Lito-
Folhelhos
COT (%)
300 logia radioativos 4 3
2
R0 (%)
1 0,5 0,4
Ro
0,6 0,8
Fm
ICE
PAF 7
“C”
2100 m
“B”
Pimenteiras
2000 m
2200 m
Isopach maps of the Pimenteiras Formation
“A”
Itaim
thickness in meters
contour interval = 100 m
Reservoirs
contour Interval = 50 meters
Isopach map
Devonian Reservoir (Cabeças Formation)
contour
Interval
= 3 meters
contour
Interval
= 3 meters
Porosity distribuition map
Devonian Reservoir (Cabeças Formation)
Traps
northern domain
The northern domain is characterized by
regional arches and abundant normal fault
attributed to the tectonic processes that
resulted in the Equatorial Atlantic opening
In the central domain occurs structures
related to the igneous intrusions
central domain
southern domain
Source: Milani and Zalán, 1998
In the southern domain occurs structures
related to the strike slip tectonics
Maturation
Thermal effect of basic igneous rocks
intruded in source rocks had contributed
to the maturation of organic matter
thickness in meters
Isolith map of the igneous rocks (basalt + diabase)
Thermal influence of igneous intrusions in
Devonian rocks
Thermal evolution map
of radioactive shale
Favorable area for gas generation
Favorable area for oil generation
Main petroleum
occurrences
Surface geochemical anomalies
(C2+)
Hydrocarbon occurrences in
DST’s
Gas
Oil
Wells with shows in cuttings
Wells without shows
GAS SEEPS
(Source: Milani and Zalán, 1998)
Offered Area
Total bid area 30,664 km²
10 blocks ~ 3,000 km²
Drilled wells:
9 2 CP 0001 MA (1987)
3,423 meters – Basement
9 2 BAC 0001 MA (1988)
(3,252 meters – Basement)
9 1 PD 0001 MA (1960)
(2,843 meters – Silurian)
Gas Discovery
Capinzal Well – 2 CP 0001 MA
9 located in the depocentre of the basin;thickness of sedimentary column
in excess of 3,000 m, favoring the hydrocarbon generation
9 main source rock (Devonian – Pimenteiras Formation) with thickness in
the order of 400 meters
9 total organic carbon is around 2.0%
9 main reservoir (Cabeças Formation) reaches thicknesses of up to 250 m
9 intrusions affecting the main source rocks acted as a catalyst for the
hydrocarbons generation
9 thermogenic gas recovered at surface proves an active petroleum
system
Capinzal well
composite log
0
GR
400
1500(m)
1600
Cabeças Formation
1700
1800
Possible gas
occurrence
1900
Pimenteiras Formation
2000
2100
2200
2300
Gas occurrence
2400
Itaim Formation
2500
Jaicós Formation
2600
Gas occurrence
Source: PETROBRAS
2700
Speculative
resources
66,874.4 km2
Based on a structure with:
9 area = 50 km2
9 netpay = 10 m
Appraised volume
20 BCM of gas
Favorable area for gas generation
Favorable area for oil generation
Possibility of 10 structures within
the area boundary
200 BCM of gas
Remarks
9
New Frontier Basin almost unexplored, but atractive when
considered similar basins world-wide
9
Situated in an area with great need for gas. Gas supply
from other places could be otherwise too expensive
9
Sediments with quality and quantity of source rock
adequate to commercial petroleum generation
9
Favorable conditions for generation, migration, reservoirs,
trapping and seal
Parnaíba Basin
Bid and Contract Parameters
• Minimum Bonus (MUSD): 10.5 @ 16.8
• Exploration Period (years) : 6
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