Download - Exploration Diversity in Brazi
Exploration Diversityin Brazilin Brazil
Eliane PetersohnSuperintendent of Block Delimitation
In place of
Magda ChambriardDirector General
GAC Latin America Luncheon at SEG Denver Annual Meeting
Oct 28th, 2014
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
Implementation of ANP
Royalties
Discussion
ANP Bidding RoundsSummary
Pre-salt discoveries:
new paradigm
Creation of
Inter-ministerial GroupMP 592/12 & Law 12734/12
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Pre-salt – new regulatory framework:
Higher potential
Petrobras Capitalization
Blocks in the
Pre-salt cluster
ANP investments on G&G surveys to increase knowledge of the Brazilian sedimentary basins.
Establishing directives, ordinances, resolutions and
ANP is responsible for oil sector policy implementation, in accordance to the Petroleum Law (Law 9478/1997), Gas Law (Law 11909/2009), Ethanol Law
(Law 12.490/2011) and Pre-Salt Laws (Laws 12.276/2010, 12.304/2010, 12.351/2010, 12.734/2012)
ANP duties
Regulating
Contracting
Monitoring
Establishing directives, ordinances, resolutions and normative statements
Promoting bidding rounds and entering into contracts with petroleum companies on behalf of the Federal Government
Monitoring the activities of regulated industries, directly or through agreements with other public agencies
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
“One country, three systems…”
7.5 million km2
Transfer of Rights:7 blocks
Exploratory blocks area under concession ~ 315,000 km2
429 oil or natural gas fields
~ 2% of sedimentary areas:Production Sharing Regime1st Pre-salt Bidding Round
All other areas: Concession Regime
Proven Reserves (dec, 2013)
Oil – ~15.6 billion bblGas – ~458 billion m3
Near future: x2
Production (August, 2014)
Oil and NGL – 2.4 million bbl/day
Current Scenario and Perspectives
25
30
35
40
Proven Reserves (Bboe)
Imports/Exports Balance (*)Oil – 122 thousand bbl/dayGas – 48 million m3/day
(*) January to August, 2014
Oil and NGL – 2.4 million bbl/dayGas – 90.1 million m3/dayNear future: x2
39 national companies38 foreign companies
Petroleum Natural Gas
0
5
10
15
20
25
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Near future
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
Seismic Acquisition Fleet
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
ANP Ordinance No. 188 , DEC 18th,1998 Provides for data acquisition applied to oil prospection
Historical Evolution of Data Acquisition
Equatorial Margin
Eastern Margin
Equatorial Margin Seismic Surveys
1998 2006 2014
Quantity and Quality improvement
UP TO 1998
2D Seismic Surveys 121 240,130 km
3D Seismic Surveys 9 3,771 km2
UP TO 2006
2D Seismic Surveys 133 327,074 km
3D Seismic Surveys 29 32,468 km2
UP TO AUGUST, 2014
2D Seismic Surveys 137 396,529 km
3D Seismic Surveys 35 54,897 km2
Eastern Margin Seismic Surveys
1998 2006 2014
Quantity and Quality improvement
UP TO 1998
2D Seismic Surveys 396 685,472 km
3D Seismic Surveys 68 35,487 km2
UP TO 2006
2D Seismic Surveys 420 1,029,349 km
3D Seismic Surveys 196 271,371 km2
UP TO AUGUST,2014
2D Seismic Surveys 429 1,113,837 km
3D Seismic Surveys 239 373,327 km2
Pre-Salt Seismic Surveys
1998 2006 2014
Quantity and Quality improvement
UP TO 1998
2D Seismic Surveys 79 135,191 km
3D Seismic Surveys 35 22,575 km2
UP TO 2006
2D Seismic Surveys 95 299,812 km
3D Seismic Surveys 99 176,901 km2
UP TO AUGUST, 2014
2D Seismic Surveys 98 314,710 km
3D Seismic Surveys 118 232,016 km2
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi-Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
1
2
3
4
5
6
7
8
9
14
1518
G&G Multi-Year PlanEmphasis on New Frontiers
(2007)
Total Investments~US$ 600 million
SEDIMENTARY BASIN INVESTMENTS (million US$)
Acre/Madre de Deus 38,56Solimões 3,23
Amazonas 44,17Tacutu 1,25Marajó 0,04
10
11
12
13
16
17
19
Marajó 0,04
Foz do Amazonas 8,00Ceará 6,35
Pernambuco-Paraíba 0,17Jacuípe 9,50
Cumuruxatiba 0,94Pelotas 0,62
São Francisco 66,30São Luis-Bragança-Vizeu 0,81
Parnaíba 62,27Jatobá/Tucano Norte 0,25
Paraná 124,88Parecis 165,27Araripe 1,30
Pre-Salt (Santos Basin) 84,65
TOTAL 618,52
Concluded Projects
Investments ~ US$ 400 million
Ongoing projects
Investments ~ US$ 180 million
ANP Investments
Paraná BasinANP Investments
Concluded projectsAero grav/mag survey1st 2D seismic survey
Seismic processing
Investments~US$ 120 million
Ongoing Projects1st Vibroseis seismic survey
Magnetoteluric survey
Projects under contracting2nd Vibroseis seismic survey
Magnetotelluric survey - ongoing
1th Seismic Survey - concluded
2nd vibroseis seismic survey – under contracting
1st vibroseis seismic survey - ongoing
Seismic processing - concluded
Grav/Mag aerosurvey - concluded
Vibroseis Seismic SurveyParana Basin
1992
better imaging sub-basalt
Parana BasinBarra Bonita Field
2014
Parecis BasinANP Investments
Concluded ProjectsGeochemical survey
1st 2D seismic survey
Investments US$ ~130 million
Well 2-ANP-0004-MT – drilling
Ongoing Projects2nd 2D seismic survey
Stratigraphic well 2-ANP-0004-MT
Projects Under Contracting1st Vibroseis seismic survey
Magnetotelluric survey - ongoing
1st vibroseis seismic survey – under contracting
1st seismic survey - concluded
2nd seismic survey - ongoing
Geochemical survey - concluded
2-ANP-4-MT
Parecis Basin 2D Seismic Survey & Stratigraphic Well 2-ANP-4-MT
0 20 km
Parecis Fm BasePimenta Bueno Fm Base
Serra Azul Fm. Araras Gr
Sepotuba FmRaizama Fm.
Puga Fm. S.C.I. Base
Rift Basal Seq BaseBasement
Parnaiba BasinANP Investments
Concluded Projects
Total Investments:~US$ 100 million
Geochemical survey1st 2D seismic survey2nd 2D seismic surveyAero grav/mag survey
Seismic processing
Seismic Survey
Seismic processing
Geochemical survey
Grav/Mag aerosurvey
ANP Seismic SurveyParnaiba Basin
660659 626 627 596 597628 598
01
,00
0m
s Line LR-115 0317_2D_ANP_BACIA_DO_PARNAIBA
0 15 km
2,0
00
3,0
00
Legend:Cabecas Fm. Top
Cambrian Unconformity Basement
Sills
Anhydrite
FaultsPre-rift (?)
EDA Investments
~ 10.000 km speculative seismic
data(Global & Georadar)
Legend
Bidded area R12
Legend
Exploration Block - Bidding Rounds2
3
4
5
6
7
9
10
11
12
Fields in production
Global Geophysical Multi Client Project
Georadar Multi Client
Projects under contract
About 12,000 line km of 2D seismic data will be acquired in Paraná and Parecis basins.
Investments about US$ 80 million
3D Seismic SurveyCampos and Santos Basin
– Seismic survey aims to investigate Cabo Frio High
– Location defined by ANP to G&G Multi Year Plan
– Acquired by CGG
Arbitrary line – CGG Courtesy
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
Equatorial Margin
� Sedimentary area: ~ 1 million km2
� Five New Frontier basins;
� Similar geological evolution of the West African margin;
� Characterized by transform tectonism;
� Expectations of light oil in neocretacic turbidite reservoirs.
Blocos Ex
2
3
4
5
6
7
9
10
11
Blocks per Bid
Brazil-Africa Analogy
Ivory Cost
Ghana BRASILBacia
do
Parnaíba
ÁFRICA
Ojeda, 1982
Bacia
do
Paraná
Arenitos,
Conglomerados
Folhelho
Rochas magmáticas
South America Analogues: Guiana, Suriname and French Guiana
Source: http://www.ogfj.com/articles/print/volume-10/issue-4/features/testing-the-atlantic-mirror-theory.html
Equatorial MarginHidrocarbon shows
Only 17 exploratory wells drilled in
deepwater (> 400 m)
Source: http://www.investidorpetrobras.com.br
Pitu Prospect Potiguar Basin
The Eastern Margin
Sergipe-Alagoas
Pernambuco-Paraíba
Camamu-Almada
Jequitinhonha
Jacuípe
Pelotas
Santos
Campos
Espírito Santo
Jequitinhonha
Cumuruxatiba
Mucuri
� Area: ~ 1.5 million km2
� High Potential and New Frontier basins;
� Prolific Pre-Salt Province
� Margin basins formed during the breakup of Western Gondwana and opening of the South Atlantic;
� Extensional stresses dominated
Source: http://www.phoenix.org.br
Sergipe-Alagoas
http://homepage.ufp.pt/biblioteca/SaltTectoni
The Eastern Margin
Pelotas
Espírito SantoSource: http://www.investidorpetrobras.com.br
http://homepage.ufp.pt/biblioteca/SaltTectoni
csNovo/Pages/Page7.htm
Source: http://www.rondauruguay.gub.uy/LinkClick.aspx?fileticket=ZtWER74xaqw%3d&tabid=411&mid=899
Petrobras Business Plan counts on one new platform for Sergipe-
Alagoas deepwater in 2018
The Pre-Salt Province
Transfer of Rights Surplus
contract in process
Exploration Blocks – Bidding Rounds
2
3
4
5
6
7
9
10
11
Rights Transfer
1st Pre-Salt Round
Fields in production
Pre-Salt area
PampoOil: 567 bbl/d
Gás: 19 M m3/d
LinguadoOil: 427 bbl/d
Gás: 27 M m3/d
JubarteOil: 73,798 M bbl/dGás: 2,434 K m3/d
Baleia FrancaOil: 24,655 bbl/dGás: 873 K m3/d
TrilhaOil: 384 bbl/d
Oil~533 thousand barrels/day and Gas~ 18 million m3/day
Pre-Salt ProvinceCurrent production
Baleia Azul
Marlim LesteOil: 40,188 bbl/dGás: 775 K m3/d
BarracudaOil: 1,673 bbl/dGás: 24 K m3/d
CaratingaOil: 26,215 bbl/dGás: 387K m3/d
Ent. IaraOil: 278 bbl/d
Gás: 16 K m3/d
Lula (8 poços)Oil: 172,129 bbl/dGás: 7,490 K m3/d
Sapinhoá (2 poços)Oil: 97,804 bbl/d
Gás: 3,351 K m3/d
Oil: 384 bbl/dGás: 9 M m3/d
August /2014
IaraOil: 22,888 bbl/dGás: 274 K m3/d
Baleia AzulOil: 71,728 bbl/d
Gás: 2,445 K m3/d
First Pre-Salt Bidding Round: Libra (Santos Basin)
� Bid round in 2013;
� In situ volumes estimatedbetween 25 e 40 billionbetween 25 e 40 billionpetroleum barrels;
� Petrobras, Shell, Total, CNPC e CNOOC are partners;
� Signature Bonus: R$ 15 bilhões (U$ 7 billions);
� Government take: 75%
Libra-1,000
-3,000
-2,000
-4,000
-5,000
-6,000
-7,000
-8.000
-9.000 10 km
Sea bottom
Salt Top Sag Base
Salt Base
Basement
Intra-riftGeological fault
Arbitrary line – CGG Courtesy
Petersohn & Abelha, 2013
Onshore New Frontier Basins
Parnaíba Basin Parque dos Gaviões
Parecis BasinTeles Pires River
Acre Basin
São Francisco BasinBuritizeiro
Parana BasinBarra Bonita Field
“Gaviões Park”Parnaíba Basin
Bacia do ParnaíbaBacia do ParnaíbaGavião Real Field Production
Petroleum: 144 bbl/dayNatural gas: 5.5 million m³/day
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
Challenges and Opportunitiesin onshore basins
Parnaiba
Basin
– New 2D seismic surveys
– Drilling Stratigraphic Wells
– Identify Exploration model
– Evaluate conventional and unconventional petroleum potential
Parecis Basin
Parana
Basin
Challenges and Opportunitiesin Pre-Salt of Campos and Santos basins
– New ANP and/or SPEC 3D seismic surveys
– Drilling Exploratory Wells
– Evaluate Pre-Salt petroleum Potential
Santos
Basin
Campos
Basin
The potential of Brazil goes far beyond the pre-salt.
ANP is consolidating
Opportunity:13th Bidding Round
ANP is consolidating results, reanalyzing areas and collecting information from various sources, in order to identify new opportunities.
13th Round : ANP suggested focus on Brazilian Eastern Margin.
Example of Pre-Salt Potential – Pau Brasil area
ANP is consolidating results, reanalyzing areas and collecting information from various sources, in order to
Opportunity:2th Pre-Salt Bidding Round (?)
various sources, in order to identify new opportunities.
Pau Brasil prospect• Area ~ 320 km2
• Thickness ~ up to 450 m (?)
Introduction1
Historical Evolution of Data Acquisition3
Current Scenario2
Outline
Final Remarks7
Geological and Geophysical Multi Year Plan4
Brazil Exploration Perspective5
Challenges and Opportunities6
Historical Evolution of Data Acquisition3
Final Remarks
Brazilian plans to double production and reserves are underway;
Brazilian projects will represent huge investments for many years;
In 2014, ANP studies focus the eastern margin;
In Brazil, exploratory opportunities go far beyond pre-salt.
Brazil shall be an excellent market for oil companies and suppliersfor many years.
Agência Nacional do Petróleo, Gás Natural e Biocombustíveis – ANP
Av. Rio Branco, 65 – Centro – Rio de Janeiro – Brasil
12º ao 22º andar
Tel: +55 (21) 2112-8100 Tel: +55 (21) 2112-8100
www.anp.gov.br