Brazilian Offshore Field Development
Project Overview
This project involves the development of a significant offshore oil discovery in the Santos Basin. Exploration wells have confirmed a large reservoir with high-quality light crude. The field requires comprehensive development including production platforms, subsea infrastructure, and export solutions. The current rights holder is seeking a partner with deepwater development expertise to co-develop the field in exchange for a substantial ownership stake.
Key Features
- Estimated recoverable reserves of 500+ million barrels
- High-quality light crude with low sulfur content
- Water depth of approximately 2,000 meters
- Exploration phase completed with multiple successful wells
- Development and production rights secured for 30 years
Implementation Timeline
Scalability Options
- Phased development approach possible
- Multiple reservoir targets within license area
- Potential for shared infrastructure with adjacent fields
Regulatory Considerations
Production sharing agreement with Brazilian government in place. Environmental baseline studies completed. Development plan approval process underway.
Market Potential
Premium pricing expected for high-quality crude. Multiple export options available. Project economics robust across wide range of oil price scenarios due to exceptional reservoir quality and size.
Investment Details
Project Type
oil-gas
Investment Sought
$120,000,000 USD
ROI Estimate
22.5%
Status
Feasibility
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