Scandoil  

Petrobras consortium approves Libra 2014 working and investment plan


Published Jan 27, 2014
Petrobras - Lula field

Petrobras announces that, at the Operational Committee meeting of January 21, the consortium formed by Petrobras (40%), Shell (20%), Total (20%), CNOOC (10%) and CNPC (10%), along with Pré-Sal Petróleo S.A. (PPSA), approved the 2014 Working and Investment Plan for the Libra oilfield.

The main activities included in the working plan are: seismic reprocessing for the entire block; drilling two wells, to commence in the second half of 2014 and scheduled for completion in the first half of 2015; and studies for a new seismic survey using high-end technology and an extended well test at the end of 2016. The approved capital expenditure for these activities is between US$ 400 and US$ 500 million in 2014.

The Libra production share contract states that the exploratory phase will last four years, as from contract signature on December 2, 2013. The minimum exploratory program to be implemented during this period includes a 3D seismic survey of the entire block, two exploratory wells and one extended well test.

Tags: Petrobras




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml