Equinor, ExxonMobil & PPSA Green Light Bacalhau Phase 1 in Brazil
Bacalhau Phase 1Equinor

Equinor, ExxonMobil & PPSA Green Light Bacalhau Phase 1 in Brazil

Equinor, as an operator, and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA have decided to develop phase one of the Bacalhau field in the Brazilian

Equinor, as an operator, and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately USD 8 billion. First oil is planned in 2024. Due to the COVID-19 pandemic and related uncertainties, project plans may be adjusted in response to health and safety restrictions. The development plan was approved by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels in March 2021.

The Bacalhau field is situated across two licenses, BM-S-8 and Norte de Carcará. The resource is a high-quality carbonate reservoir, containing light oil with minimal contaminants. The development will consist of 19 subsea wells tied back to a floating production, storage and offloading unit located at the field. This will be one of the largest FPSOs in Brazil with a production capacity of 220,000 barrels per day and two million barrels in storage capacity. The stabilized oil will be offloaded to shuttle tankers and the gas from Phase 1 will be re-injected in the reservoir. The FPSO contractor will operate the FPSO for the first year. Thereafter, Equinor plans to operate the facilities until the end of the license period.

Significant efforts have been made to reduce emissions from the production phase, including implementing a Combined Cycle Gas Turbine system to increase the energy efficiency of the power station. This gives an efficient electrical power production and flexible heat supply. Lifetime average CO2 intensity is expected to be less than 9 kg per barrel produced, significantly lower than the global average of 17 kg per barrel. Work will continue through the lifetime of the field to reduce emissions and increase energy efficiency.

Partners in Bacalhau: Equinor 40% (operator), ExxonMobil 40%, Petrogal Brasil 20% and Pré-sal Petróleo SA (Government Company, PSA Manager).

Main contracts awarded

Front End Engineering and Design (FEED) and engineering, procurement, construction and installation (EPCI) contracts

Subsea Integration Alliance, SIA formed by Subsea7 and OneSubsea for SURF (Subsea, Umbilical, Risers and Flowlines).

MODEC Inc for FPSO (Floating Production, Storage and Offloading) contracts.

Mobile Drilling Unit contracts

Seadrill Management S PTE Ltd, West Saturn drillship

Drilling and Well Service contracts

Baker Hughes do Brasil Ltda

Halliburton Produtos Ltda

Schlumberger Serviços de Petróleo Ltda

Onshore Supply base

Triunfo Logistica Ltda

Facts

Discovery was made by Petrobras in 2012

Equinor operator since 2016

Located 185 km from the coast of the municipality of Ilhabela/SP, in the state of São Paulo, in water depths of 2050 meters

Phase 1 development of 220,000 bbls/d

19 subsea wells tied back to the FPSO

First oil production is planned in 2024

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