The wells add a combined 20,000 barrels of oil equivalent per day to Roncador, bringing daily production to approximately 150,000 barrels and reducing the carbon intensity of the field.
The increased oil recovery project will see 18 wells drilled in total, which are expected to provide additional recoverable resources of 160 million barrels.
As detailed by Equinor, the main drivers behind a 50 % cost reduction across the 1st 6 wells, including the 2 in production, are improvements in well design and the partners’ combined technological experience.
Veronica Coelho, Equinor country manager for Brazil, said:
- We are very proud of what the partnership has achieved, delivering this project ahead of schedule and below budget
- We will continue combining our capabilities to improve recovery from Roncador and extract further value from the field
- Petrobras will leverage its experience as one of the largest deep-water operators and pre-salt developers in the world and Equinor will draw on its technology, expertise and decades of experience in IOR on the Norwegian Continental Shelf
The field has more than 10 billion barrels of oil equivalent in place, under a license lasting until 2052.
Petrobras is the operator of the Roncador field with 75% equity, and Equinor has a 25% stake