Foz do Amazonas Basin

The Foz do Amazonas Basin is situated in the Northern portion of Brazil’s equatorial margin, along the coast of Amapá state and the island of Marajó, covering an area of . It is characterized by the Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) as a new frontier basin with potential for gas and light oil.

The exploration activities in this basin started in 1963. In 1976, gas was discovered in Pirapema, classified at the time as non-commercial and undeveloped. In the shallow and deep-water wells that have been drilled in the Basin so far, there was several indicators of the presence of hydrocarbons.

 

 

Block FZA-M-90

Block FZA-M-90, where QGEP holds 100% participating interest and is the consortium operator, was acquired in 2013 in the 11th ANP Bidding Round. The identified prospect types are similar to those that resulted in discoveries in basins in West Africa, specifically the Ivory Coast and Ghana, in French Guiana, and in Sergipe and Alagoas, Brazil. The main reservoirs are in the superior Crustacean section and the source rock is from the cenomanian/turonian section. Light oil is the primary fluid expected in the region.

Under the exploratory program agreed with the ANP, the Company expects a 3D seismic survey and an exploration well to be carried out. Regarding local content, the commitment is for 37% in the exploration phase and 65% in the production phase. 3D seismic surveys and date processing have been completed. QGEP, as the operator, has initiated environmental studies related to the drilling activities in the Basin, required for environmental licensing. The drilling activities are expected to begin from 2018 on.

Last updated on 2017-01-24T17:39:00

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