West Saturn to Drill on the Bacalhau Field in Brazil
Equinor Brasil Energia Ltda has, on behalf of its partners in the Bacalhau project, awarded Seadrill Management S PTE Ltd a contract for drilling on the field contingent to final investment decision. The duration of the contract is four years, with planned start-up in the first quarter of 2022. The objective is to drill six wells leading up to production start in 2024. The contract also includes four options of one year each. The overall contract value includes mobilisation, upgrades and integrated services. The total contract value of USD 380 million is contingent on a final investment decision for Bacalhau made by the partnership.
Bacalhau is a project in the Brazilian pre-salt area, located in the Santos basin. The field was discovered in 2012 and purchased from Petrobras in 2016. It consists of two licences, BM-S-8 and Norte de Carcará.
The Bacalhau field has a water depth of about 2,000 metres and is Equinor’s deepest high-pressure field.
West Saturn is a seventh-generation drill ship, adapted for water depths up to 3,600 metres.
The partners in Bacalhau: Equinor (40 per cent, operator), ExxonMobil (40 per cent), Petrogal Brasil (20 per cent) and Pré-sal Petróleo SA (PPSA, regulatory agency, not an investor).
Discovery was made by Petrobras in 2012
Equinor operator since 2016
Bacalhau will be the first greenfield development in the pre-salt by an international operator
Located at a distance of 185 km from the coast of the municipality of Ilhabela/SP, in the state of São Paulo, in water depths of 2,050 meters
Phase 1 development capacity of 220,000 bbls/d
First oil production is planned in 2024