STAVANGER, Norway – Petrobras and partner Equinor have started up the first two wells of the increased oil recovery (IOR) project at the Roncador field offshore Brazil.
According to Equinor, the start-up came almost five months ahead of schedule and at half of the originally planned cost.
The two wells add a combined ~20,000 boe/d of production through the FPSO P62, lifting the total throughput to around 150,000 boe/d.
Under this first IOR project, the partners will drill 18 wells in order to recover an additional 160 MMbbl.
Well design improvements and the partners’ technological experience are said to be the main factors behind the 50% cost reduction for the first six wells (including the two in production).
Roncador, in the Campos basin, has been in production since 1999. Equinor entered the project by taking 25% equity in 2018.
The two partners are ultimately targeting an increase in recoverable resources of 1 Bboe. Roncador has more than 10 Bboe in place, and the license runs until 2052.