Equinor Energy do Brasil Ltda was evaluating oil shows in the Carcara East (3-EQNR-003-SPS) outpost well in the N_CARCARA block, Norte de Carcara_P2 contract during late-April 2019 according to the ANP and this is assumed to indicate the operator may be conducting testing operations.Â  The operator filed an oil show report with the ANP for the well on 27 March 2019.     The outpost was spudded on 8 February 2019.Â  Â        The      well had a proposed total depth (PTD) of 6,796 m with the primary targets      the pre-salt Early Cretaceous Barra Velha and Itapema formations.     The      well is being drilled by the âWest Saturnâ D/S in a water depth of 2,079      m.Â  Â Â  Â     The      outpost is located approximately 4.5 km east south-east of the Carcara      West (3-EQNR-001-SPS) recently concluded in the block according to the      provisional coordinates published by the ANP.Â Â  Â     Current      working interest breakdown in the contract is Equinor Brasil operator with      40% working interest, ExxonMobil with 40% working interest, and Petrogal      Brasil Ltd (Galp Energia) with a 20% working interest.      Equinor Brasil Energia Ltda has plans to drill up to five exploration wells in the Norte de Carcara_P2 contract, N_CARCARA block after filing its environmental permit in April 2018.Â  The Norte de Carcara structure is a northern continuation of the Carcara structure discovered by Petrobras and now operated by Equinor Brasil and partners in the BM-S-008 contract.Â  The wells to be drilled may all be considered outpost wells.Â  They will have proposed total depths of approximately 6,500 m to 7,000 m and will target the Barra Velha and Itapema formations of the pre-salt series in the Santos Basin.Â  The drilling is expected to commence in the block during early-2019.Â  The A prospect is located about 5.7 km north north-east of the 3-SPS-104A (3-BRSA-1216DA-SPS) outpost.    On 31 January 2018, the consortium of Equinor Brasil Energia Ltda operator with 40% working interest, ExxonMobil with 40%, and Petrogal with 20% was granted an official award for the 312.92 sq km Norte de Carcara block from the 2nd PSC Pre-Salt Bid Round. The ANP changed the official denomination of the block to the Norte de Carcara_P2 contract, N_CARCARA block.Â  The consortium won the block with a profit oil state take bid of 67.12% and USD 911.85 million in total fixed bonus to be paid to the Brazilian government based on the USD to BRL exchange rate of the day of 1USD/3.29 BRL.Â  The PSC contract has a three year exploration-evaluation phase and the minimum work program is to drill one appraisal well. The minimum financial guaranty for the three year period is USD 47.95 million which is less than the estimated cost of drilling a pre-salt appraisal well.Â  There was a 2nd place bid for the block by Shell (100%) offering a state take bid of 50.46%.Â  The working interest breakdown for the block is the same as in the BM-S-008 contract that will be unitized with the Norte de Carcara block after Equinor acquired the 10% working interest from Barra Energia in June 2018.
Equinor Energy do Brasil Ltda was evaluating oil shows in the Carcara East (3-EQNR-003-SPS) outpost well in the N_CARCARA block, Norte de Carcara_P2 contract during late-April 2019 according to the ANP and this is assumed to indicate the operator may be conducting testing operations.  The operator filed an oil show report with the ANP for the well on 27 March 2019. The outpost was spudded on 8 February 2019.   