Polvo Oil Field

Summary Information

• Operator: HRT
• Country: Brazil
• Location: BM-C-8, Offshore, Campos Basin
• Production start: 2007
• Partners: HRT - 60%, Maersk Oil - 40%,
• Type: Oil - 19^^0^^ API
• Estimated Reserves: Initially 50 million barrels
• Production Volume:

+++ Description

• The field’s current daily production is approximately 12,000 barrels of oil per day through 10 producing wells that were drilled in the three different reservoirs
• Production facilities include a fixed production and drilling platform, Polvo A, connected to a floating production, storage and offloading vessel (FPSO)
• Polvo FPSO is capable of handling a daily oil production of 90,000 barrels of oil per day (bopd) and having a storage capacity of 1.6 million barrels
• In 2022, the Polvo FPSO was disconnected and the Bravo FPSO is used instead

+++ Contractors

• **Keppel:** Conversion of FPSO Polvo
• **ENAVAL:** Platform construction
• **Excel Engineering:** provided preliminary and detailed design and engineering for the Offshore drilling and production platform, a 3000-hp platform drilling rig, 4-leg jacket with 8-skirt piles
• **Ecosse Subsea:** flexible installation
• **Heerema Marine Contractors:** Installation

+++ History

• 2000 - Block awarded in Second Round
• 2004 - Polvo Oil Field discovered
• 2005 - Investment decision made
• 2007 - FPSO delivered to Prosafe
• 2007 - Devon Energy Reports First Oil Production
• 2010 - Maersk Oil acquired the Brazilian assets of SK Energy, including 40% Polvo for USD 2.4 bln
• 2011 - Devon sells its Brazilian assets including Polvo to BP
• 2013 - BP sells its stake to HRT
• 2014 - HRT agrees to acquire 40% from Maersk

+++ Geology

+++ Links

1. Brazil Oil And Gas Licence Blocks
2. International Protective Coatings Platform References
3. Foundocean North And South America Subsea References
4. Devon Energy Announces Brazilian Oil Development Plans
5. Devon Energy Reports First Oil Production From Brazil
6. Excel Eng. Devon "Polvo" Development
7. Naming ceremony of the FPSO Polvo
8. Keppel is on track for first delivery in 2007
9. Ecosse Subsea News
10. Maersk Oil to buy Brazilian assets for USD 2.4 bln
11. Devon Energy Receives Approval for Its Sale of Assets in Brazil
12. BP Announces Sale of Interest in Polvo Field, Brazil
13. HRT Starts Its Activities On Polvo Field Today And Becomes The Fifth Largest Oil Operator In Brazil
14. HRT Signs An Agreement With Maersk To Acquire A 40% Participating Interest In The Polvo Field
15. Wood Group wins PetroRio contract in Brazil