GTU Process Plant View
Drilling of exploratory wells
- Campos Basin: 5-6 wells in the BM-C-37 and BM-C-38 blocks (1-2 wells to be initiated in 2012)
| Prospect | Block | Total Estimated Recoverable Volume (P Mean ) | Working Interest | OGX Estimated Recoverable Volume (P Mean ) | Spud date | |||||||||||||||
| Cozumel | BM-C-37 | 209-270 mmboe | 70% | 146-189 mmboe | 4Q12 | |||||||||||||||
| Tulum | BM-C-37 | 194-280 mmboe | 70% | 136-196 mmboe | 4Q12 | |||||||||||||||
| Cancun | BM-C-37 | 184-294 mmboe | 70% | 129-206 mmboe | 1Q13 | |||||||||||||||
| Viedma | BM-C-38 | 245-313 mmboe | 70% | 172-219 mmboe | 1Q13 | |||||||||||||||
| Cotopaxi | BM-C-38 | 30-40 mmboe | 70% | 21-28 mmboe | 1Q13 | |||||||||||||||
| Total | - | 861-1,196 mm boe | 70% | 603-837 mm boe | - | |||||||||||||||
- Santos Basin: 1 well until the concession for exploration ends in March 2013
- Parnaíba Basin: 10 wells
- Espírito Santo Basin: 3 wells, together with Perenco, the operator of the blocks
- Updated certification of estimated reserves and resources
Capex
- 2013 Annual estimate: US$1.2 billion
With the end of the exploratory concession periods for the Campos and Santos Basins approaching, the Company is gradually downsizing its rig fleet to accommodate a transition from the exploration campaign to the production phase in these basins, resulting in a reduction of its capex for 2013.
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