--> Abstract: Emerging Opportunities in Offshore Brazil: The Changing Business Challenges, by A. C. S. De Agostini; #90933 (1998).

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Abstract: Emerging Opportunities in Offshore Brazil: The Changing Business Challenges

De Agostini, Antonio Carlos S. - Petrobras

Set up in 1953, the mission of Petrobras was to guarantee the nation?s supply of oil, while searching for domestic oil production in the country sedimentary basins. It was also assigned full responsibility for refining, storing, transporting, importing and exporting oil, gas and respective products, driving the establishment of a modern oil industry in Brazil.

Since then, until last year, Petrobras has exerted the monopoly on oil and gas activities in Brazil. Because of that the company has had one of the largest sedimentary areas under exclusive analysis and investigation, that is, the 29 Brazilian sedimentary basins, covering more than five million square kilometers, comprising Proterozoic, Paleozoic and Cenozoic-Mesozoic basins, including interior, rift and marginal types.

The most prolific of these basins is the well-known Campos basin, discovered in 1974, and which presented the greatest challenges Petrobras had to face up to now. Only three years after its discovery, a well at Enchova field was on-stream, at 135 meters water depth. As the development of the basin continued, succeeding challenges have been met and overcome. The deeper and deeper waters in an unprecedented partnership with universities, suppliers and service companies.

The geologic potential in this basin, nowadays, lies in the ultra deep waters. But its exploitation is almost reality. Petrobras is going to produce the oil and the gas trapped there. As soon as the company put Roncador field, which today, is Campos basin frontier, on stream, ultra deep-water production will turn into reality.

AAPG Search and Discovery Article #90933©1998 ABGP/AAPG International Conference and Exhibition, Rio de Janeiro, Brazil