Phoenix submits declaration of commerciality of Brazil oil accumulation

Phoenix Óleo e Gás Natural has submitted to Brazil’s oil and gas regulator ANP the declaration of commerciality of an oil accumulation in central Potiguar basin, onshore Rio Grande do Norte state.

The company named the new field Tanatau, with estimated oil volumes of 3.49 million barrels and recoverable oil volumes of 362,000b in the P50 scenario (50% probability).

The new field is about 32km southeast of Mossoró city and adjacent to the Concriz and Paturi fields.

During the exploratory and appraisal phase, well 1-PHO-1-RN was drilled and assessed, and good quality oil with high commercial value was identified. 

The area produced its first oil during a long-term test, which ended on September 19.

Well 1-PHO-1-RN is in block POT-T-565, which has an area of 14.6km2. 

OVERVIEW

At least 10 declarations of commerciality have been registered this year, all in onshore basins, according to ANP:

Block	Operator	Development area/field	Basin
REC-T-99	Imetame Energia	JACARÉ	Recôncavo
POT-T-702	Potiguar E&P	SABIÁ-LARANJEIRA	Potiguar
TR_OP	Petro Victory	Trapiá	Potiguar
AM-T-85	Eneva	AZULÃO OESTE	Amazonas
PN-T-67A	Eneva	GAVIÃO VAQUEIRO	Parnaíba
PN-T-66	Eneva	GAVIÃO VAQUEIRO OESTE	Parnaíba
AM-T-84	Eneva	TAMBAQUI	Amazonas
MOS_OP	Origem Alagoas	Mosquito	Espírito Santo
SAI_OP	Origem Alagoas	Saíra	Espírito Santo
TZI_OP	Origem Alagoas	Tiziu	Potiguar

Source: BNamericas based on ANP data