Investor Presentaiton
26
YEARBOOK OF THE OIL AND NATURAL GAS INDUSTRY IN ESPÍRITO SANTO 2022
CHAPTER 2 EXPLORATION AND PRODUCTION OF OIL AND NATURAL GAS IN ESPÍRITO SANTO
The offshore drilling activity re-
corded, between 2002 and 2022,
a total of 424 drilled wells, with
emphasis on the Jubarte, Golf-
inho, Bloco BC-60 and Argonau-
ta fields. In 2021, 6 wells were
drilled at sea, 4 wells in Jubarte,
1 well in block ES-M-669 and 1
well in the Argonauta field. In
Chart 8 Wells drilled in Espírito Santo (in units)
2022 Petrobras drilled 3 offshore
wells: 1 well in the Jubarte field
and 2 wells in block ES-M-596,
belonging to the oil company's
campaign for the Andurá and Jo-
elho prospects. In 2023, the most
recent period, Petrobras drilled 1
well in the Jubarte field.
Chart 9-Statements of hydrocarbon evidence in Espírito Santo (in units)
30
26
25
25
22
21
20
20
18
18
17 17
16
15
15
14
14
13
12
11
11
1010
10
9
9
6
4
5
1
0
8
76
-66
Source: ANP | Elaboration: Industry Observatory/Findes
Onshore
Offshore
3
3
2
0 0 0
0
0
2015
2016
2017
2018
2019
2020
2021
2022
27
22
50
51
49
45
43
40
36--
31
37-38
4240
30
30
30 31
32 32
26
28-27
28
18
17 18 18
14
Source: ANP | Elaboration: Industry Observatory/Findes
onshore hydro-
184 carbon indicia
statements
onshore hydro-
186 carbon indicia
statements
This was the amount of
statements issued in Espírito
Santo between 2002 and 2022
Onshore
Offshore
8
3
3
00
2.2. Hydrocarbon
declarations
If the drilling of the wells is suc-
cessful in discovering any reser-
voir, the oil company is obliged to
issue the hydrocarbon declaration
with the ANP, indicating the oc-
currence of hydrocarbons or any
other natural resources in the ex-
plored area. Since 1998, when the
hydrocarbon declaration became
mandatory, 447 declarations were
2016
2017
0
2018
76
4
3
3
2019
2020
2021
33
2022
issued in Espírito Santo, divided
between onshore (50.6%) and off-
shore (49.4%). Between 2002 and
2022, 184 declarations were is-
sued on land, highlighting the Can-
cã, Jacutinga and Tucano fields. At
sea, in the same period, 186 hydro-
carbon declarations were issued,
highlighting the Golfinho, Jubarte
and Argonauta fields.
In 2021, 2 hydrocarbon decla-
rations were issued in Espírito
Santo. Imetame announced the
existence of onshore oil in block
ES-T-441, located in the munici-
pality of Jaguaré³. Petrobras an-
nounced the existence of offshore
natural gas in block ES-M-669.
This block is part of Petrobras
and Equinor's campaign to reach
the pre-salt layer in the Espírito
Santo basin. In 2022, the most re-
cent period, BGM found evidence
of onshore oil in blocks ES-T-496,
ES-T-506 and in the Irara field, all
areas located in the municipality
of Linhares. In 2023, the most re-
cent period, BGM found evidence
of onshore oil in block ES-T-506.
2.3. Declarations of
commerciality
The declarations of commerciali-
ty are made after the notification
of hydrocarbon indications. At this
stage, the oil company verifies the
commercial viability for the produc-
tion of the deposits. If so, the oper-
3. This block was auctioned in the 14th round of
the ANP, held in 2017..
ating company must issue the dec-
laration of commerciality with the
ANP, demonstrating the intention
to produce oil and/or natural gas in
the demarcated area.
4. The project, entitled "Monai Prospectus" will be
fundamental for them to evaluate the exploitation
of other concessions acquired in the 11th round
of the ANP.
2021
Imetame announced the
existence of oil in block
ES-T-441 (municipality
of Jaguaré)
Petrobras announced the
existence of natural gas in
block ES-M-669
2022
BGM announced the
existence of oil in blocks
ES-T-496 and EST-506 and
in the Irara field
2023
BGM announced the
existence of oil in block
ES-T-506View entire presentation