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Mero field has 3.3 billion barrels of oil, Petrobras estimates

published: Dec 01, 2017 12:00 AM, last modified: Dec 04, 2017 11:19 AM
Located about 180 km off the coast of Rio de Janeiro, the field features high-quality, high-yield carbonate reservoirs
Mero field has 3.3 billion barrels of oil, Petrobras estimates

Four new production systems will be installed to explore the Mero field - Credit: Petrobras

Petrobras stated this Thursday (3) that the Mero oil field (located in the Libra Block of the Santos Basin) holds 3.3 billion barrels of oil. The data was disclosed in the trade application presented to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

Considered to be Brazil's largest oil reserve, Libra was the first area to be tendered under a production sharing regime in Brazil in 2013. The winning consortium was led by Petrobras (with a 40% stake) in partnership with foreign companies.

The first oil in the area was produced by means of a long-term test. According to Petrobras, the objective was to evaluate the behaviour of the oil reservoir and increase knowledge of the characteristics of the deposit.

In a statement, the company also stated that "the consortium plans to continue production development through four new production systems to be installed in the Mero field and will continue the exploratory phase of the remainder of the Libra area, whose term has been extended for another 27 months".

Location

The field is located about 180 km off the coast of Rio de Janeiro, in ultra-deep waters, and features high-quality, high-yield carbonate reservoirs.

According to Petrobras, eight extension wells were drilled in the PAD area during the exploratory and evaluation stage of the Libra block to identify reservoirs with good-quality oil with high commercial value.