Drilling Begins on the Libra Field in Brazil

abarrelfullabarrelfull wrote on 22 Aug 2014 08:16
Tags: brazil cnooc cnpc petrobras s-america shell top total upstream

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With a target depth of 5,850 meters, the first appraisal well was spudded on Libra field off the coast of Brazil in early August. The super-giant field, located 200 kilometers offshore, has estimated resources of between 8 billion and 12 billion barrels in reservoirs that lie under a thick layer of salt. The well kicks off several years of work that will allow Total and its partners¹ to improve their understanding of the gigantic field.

“It’s hard to grasp the sheer scale of Libra," explains Ladislas Paszkiewicz, Exploration & Production’s Senior Vice President, Americas. “The field covers 1,550 square kilometers and we think it could require as many as 12 FPSOs² to develop.”Once the first systems have been installed, production is scheduled to begin in 2017 and plateau at 1.3 million barrels per day in 2030.

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