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Petrobras declares commercial viability for Lupa field in pre-salt Carioca area

RIO DE JANEIRO -- Petrobras, operator of the BM-S-9 consortium, has presented the Declaration of Commercial Viability to regulatory agency ANP for the oil accumulation in the Carioca area in the pre-salt Santos basin.

The consortium suggested that the new field, formed by reservoirs of good quality oil (around 26° API), should be called Lapa. With an estimated total recoverable volume of 459 MMbbl oil equivalent, Lapa is another large field discovered in the Brazilian pre-salt. The Lapa field is located approximately 270 km off the coast of the state of São Paulo and in 2,140 m of water.

The BM-S-9 consortium is operated by Petrobras (45%) in partnership with BG E&P Brasil (30%) and Repsol Sinopec Brasil (25%). After the Declaration of Commercial Viability, the Lapa field Development Plan will be submitted to the ANP within 180 days. First oil from the field is expected in third quarter of 2016.

In 2011, the consortium had already declared that the Sapinhoá field (in the Guara area), also situated in BM-S-9, was commercially viable. Sapinhoá currently produces about 30,000 barrels of oil per day through the FPSO Cidade de São Paulo with a single interconnected production well. The remaining wells will be interconnected at the start of 2014.



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