Large gas field is found in Brazil

Potential gas production in open hydrocarbon fields will be about 20 million cubic meters of gas per day. It is about a third of the current volume of its production in the country.

New fields are six deep-water deposits on the shelf of the northeast coast of the country, 80 km from Aracaju, the capital of Sergipe state.

The preliminary estimates of the Brazilian Ministry of Energy suggest that the construction of the pipeline and the determination of the boundaries of the fields will cost $500 million.

Petrobras, the state oil and gas company, which is the de facto monopolist of the country's gas industry, in May 2019 recognized these fields as highly promising, but so far there has been no information about their potential capacity. Information about plans for the exploitation of deposits, as well as the timing of the start of this activity are not disclosed.

The government of the country figures on the development of deposits to facilitate the implementation of plans to reduce the cost of natural gas at the domestic market by 50%, which will give impetus to the development of the industry. The state authorities, in turn, believe that, thanks to cheap energy resources, they will be able to once again attract mineral fertilizers, glass products and ceramics to the region that have left it earlier.

Earlier it was reported that the Spanish oil and gas company Repsol, along with Malaysian and Japanese partners, discovered the largest natural gas field in Indonesia over the past 18 years.


Tags: gas, contracts, hydrocarbon production, tariffs, legislation, gas production, Gas processing plant

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