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Murray News

Petrobras and Ecopetrol uncover Colombia’s largest gas basin

Gas volumes confirmed at the site surpass 6 trillion cubic feet

12/05/2024


Petrobras and Colombian company Ecopetrol have announced the largest gas discovery in Colombia’s history with the drilling of the Sirius-2 well, where gas volumes exceeding 6 trillion cubic feet (Tcf) have been confirmed.

The consortium is set to invest $1.2 billion in the exploratory phase and $2.9 billion in the production development phase. These amounts are already included in Petrobras’s business plan through 2029, which was recently revealed. The four wells in the area are expected to produce about 13 million cubic meters per day over a decade.

According to Petrobras, this discovery could boost Colombia’s current reserves by 200%. The well drilling commenced on June 19 and is situated in an offshore block 77 kilometers from Santa Marta in northern Colombia, at a water depth of 830 meters.

The company anticipates starting natural gas production three years after obtaining all environmental permits and upon confirmation of the commercial viability of the discovery, projected by 2027.

The consortium, consisting of Petrobras Colombia as the operator with a 44.44% stake and Ecopetrol holding 55.56%, will begin essential data acquisition for the installation of the pipeline and the transportation of natural gas from the field to the onshore gas treatment unit, as well as the installation of subsea production systems.

*By Bianca Ribeiro

Source: Valor International

https://valorinternational.globo.com/
5 de December de 2024/by Gelcy Bueno
Tags: Petrobras and Ecopetrol
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