{"id":273195,"date":"2024-08-07T17:29:48","date_gmt":"2024-08-07T09:29:48","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=273195"},"modified":"2024-08-07T17:29:48","modified_gmt":"2024-08-07T09:29:48","slug":"brazils-petrobras-finds-gas-in-the-colombian-caribbean-and-sets-eyes-on-namibias-potential","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=273195","title":{"rendered":"Brazil’s Petrobras finds gas in the Colombian Caribbean and sets eyes on Namibia’s potential"},"content":{"rendered":"\n
\"The<\/a><\/figure>\n\n\n\n

BRASILIA, Aug 7 (NNN-MERCOPRESS) — Brazil’s oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This new drill is considered an extension of a natural gas field drilled at the Uchuva 1 well back in 2022, at a depth of 830 meters.<\/p>\n\n\n\n

\u201cThis well adds relevant information for the development of a new frontier of exploration and production in Colombia, reinforcing the volumetric potential for natural gas in the region\u201d, said Petrobras in a report .<\/p>\n\n\n\n

\u201cThe well is in progress, with five phases, and the gas-bearing interval was verified at phase 4 through wireline logging, which will be further characterized through laboratory analyses\u201d.<\/p>\n\n\n\n

The consortium, constituted by Petrobras as operator (working interest 44.44%), in partnership with Ecopetrol (working interest 55.56%), will continue operations to complete the project to drill the well to the expected depth and characterize the conditions of the reservoirs found, with the prediction of carrying out a formation test by the end of 2024.<\/p>\n\n\n\n

Petrobras’ operations in the Tayrona Block are in line with the company’s long-term strategy, aimed at replenishing oil and gas reserves through the exploration of new frontiers and acting in partnership, ensuring that global energy demand is met during the energy transition.<\/p>\n\n\n\n

Petrobras has also set its eyes at the Mopane oil prospect in Namibia where Portugal’s GALP is offering a 40% stake. Petrobras’ bid comes as it seeks to boost its reserves, but has faced challenges in obtaining environmental licenses to move forward with exploration in Brazil.<\/p>\n\n\n\n

The southwest African nation Namibia has come into the spotlight as a new oil and gas exploration hotspot following several major discoveries in recent years along its coast<\/p>\n\n\n\n

GALP wants to sell half of its 80% stake in the field, where estimates show at least 10 billion barrels of oil equivalent, according to the firm.<\/p>\n\n\n\n

\u201cIt’s a competitive process in a sought-after area, with potential to be confirmed. The natural thing in a bid like that is to dilute the risk with partners,\u201d said sources from Petrobras.<\/p>\n\n\n\n

Assuming an oil recovery factor of 25% of the block’s oil reserves, the 40% stake in Mopane could cost around US$ 4 billion, BTG Pactual analysts estimated in a note last week, warning that the investment, along with possible purchases of two refineries in Brazil, could raise risks for dividend payments by Petrobras. — NNN-MERCOPRESS<\/p>\n","protected":false},"excerpt":{"rendered":"

BRASILIA, Aug 7 (NNN-MERCOPRESS) — Brazil’s oil giant has reported the discovery of a significant gas resource from a well drilled off shore Colombia in the Caribbean. The Uchuva 2 well is some 32 kilometers from the coast at a depth of 804 meters. This new drill is considered an extension of a natural gas […]<\/p>\n","protected":false},"author":11,"featured_media":273196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[213,208],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/273195"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=273195"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/273195\/revisions"}],"predecessor-version":[{"id":273209,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/273195\/revisions\/273209"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/273196"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=273195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=273195"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=273195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}