Imetame suspended with gas shows the 1-REN-001A-BA (1-IMET-026A-BA) new-field wildcat (NFW) in the REC-T-212 block during early-September 2019 at an unreported final total depth (TD).Â  The operator filed a gas show report with the ANP on 28 August 2019.    The NFW was spudded on 14 August 2019. Â        Although      classified officially as a NFW the well is an outpost for the unitized      Carbure-Cardeal do Nordeste Field producing since September 2018.It is      speculated the well has to be drilled as a NFW in order to establish the      final production concession in the south-eastern quadrant of the field for      final unitization approvals for the Alvopetro reported Carbure Natural Gas      Unit.       The      well had a proposed total depth (PTD) of 1,650 m. Â     The      primary target was the Early Cretaceous Caruacu Member of the Maracangalha      Formation.    The      well is located in the very north-western corner of the block in order to      drill the projected south-eastern portion of the reservoir, approximately      600 m south south-west of the 1-ALV-011-BA located in the northerly      adjoining Carbure Leste production concession.       The      REC-T-212 block is partially unitized      with Cabure, Cabure Leste, and      Cardeal do Nordeste production concessions.             On 23 December      2015, Imetame with 100% working interest was granted a final award for the      ANP Round 13, REC-T-212 block.     Carbure- Cardeal do Nordeste Field summary:Â  The field is currently producing from only two wells in the Cardeal do Nordeste production concession operated by Imetame.Â  There are two other productive wells operated by Alvopetro in the Carbure and Carbure Nordeste production concessions but not yet tied-in to the current pipeline system.Â  Alvopetro with 100% equity is constructing precedent setting midstream assets to produce the entire unit gas.Â  The company built an 11 km transport multi-phase pipeline from the Cardeal do Nordeste production concession to the UPGN.Â  It is building the first non-Petrobras operated natural gas processing facility, Alvopetro UPGN Bahiagas City Gate.Â  The state natural gas company Bahia Gas is building a 15 km gas pipeline to the UPGN to buy the gas for USD 7.66/MMbtu.Â  Imetame and Alvopetro plan to drill three to four additional wells including the current 1-REN-001-BA (1-IMET-026-BA) being drilled by Imetame.Â  All of the production facilities and well connections are expected to be completed by year-end 2019 with plateau production of 15.9 MMcfg/d projected for 2020.     In April 2019, Imetame was producing two wells in the Cardeal do Nordeste production concession, the 1-IMET-003-BA and the 1-IMET-010D-BA.Â  Production averaged 620 Mcfg/d with 2.8 bc/d and 777 Mcfg/d respectively for the two wells.    The Carbure Natural Gas Unit is split between designated operator Imetame 50.9% and Alvopetro 49.1% and includes portions or all of the Cabure, Cabure Leste, and Cardeal do Nordeste production concessions and pending inclusion of the north-west part of the REC-T-212 block once a production concession is granted.Â  Imetame holds 50.9% of the reservoir that represents 64.7 Bcfg OGIP and OGIP of 57.48 Bcfg and 19.69 MMbo as original oil in place (OOIP) was reported for the Cardeal do Nordeste production concession for 31 December 2018.Â  This implies 7 to 8 Bcfg in the REC-T-212 portion of the unitized reservoir.Â  Alvopetro holds 49.1 % of the reservoir that represents 62.4 Bcfg in estimated original gas in place (OGIP) reserves with 27.8 Bcfg reported as 2P reserves in June 2019 for the Carbure and Carbure Leste production concessions.Â  Alvopetro has not reported any oil reserves for its portion of the reservoir. Â     In March 2017, Alvopetro tested gas producer 1-ALV-198-A1-BA (1-ALV-011-BA) new-field wildcat (NFW) the REC-T-198 block and reported on some of the reservoir properties.Â Â  It tested the upper 21 m of 31 m potential net gas pay in its primary target the Early Cretaceous Caruacu Member of the Maracangalha Formation.Â  Average porosity reported to be 11.4% here with 46% calculated water saturation.Â  Average porosity was reported to be 14.3% with 46% calculated water saturation. The operator tested the well for 2.7 MMcfg/d during a 72-hour test period through 2 7/8â tubing unstimulated.Â  The production test utilized a 28/64â choke throughout the test period.Â  The operator also recovered 17 bbls of condensate 64Â° API and 5 bbls of water during the test period.Â  At the start of the test the well had an FTP of 1,281 psia and at the end of the test 563 psia.Â  The initial shut-in casing pressure was 1,345 psia and the ending shut-in casing pressure was 615 psia.Â  After the production test the operator conducted a build-up pressure test of the reservoir.Â  On 3 March 2017, Alvopetro tested the lowest 7 m of 31 m potential net gas pay in its primary target the Early Cretaceous Caruacu Member of the Maracangalha Formation.Â  Average porosity was reported to be 11.4% here with 46% calculated water saturation.Â  The operator tested the well for 500 Mcfg/d during a 48-hour test period through 2 7/8â tubing unstimulated.Â  The production test started off with a 12/64â choke and then went to a final choke size of 32/64â.Â  The operator also recovered 12 bbls of condensate 45Â° API and 92 bbls of water during the test period.Â Â  At the start of the test the well had an FTP of 826 psia and at the end of the test 144 psia.Â  The initial shut-in casing pressure was 1,427 psia and the ending shut-in casing pressure was 346 psia.Â  After the production test the operator conducted a build-up pressure test of the reservoir.    On 27 September 2018, the ANP granted formal approval to Imetame to acquire the 30.65% working interest held by lone partner Orteng in the Cardeal Amarelo and Cardeal do Nordeste production concessions.Â  Imetame now holds 100% working interest in both production concessions. Imetame was operator of both production concession contracts with a 69.35% working interest and lone partner was Orteng with 30.65% working interest.     On 10 January 2018, the ANP approved a resolution to arbitrate the technical terms for the preliminary unitization agreement between Alvopetro and Imetame regarding the Cabure, Cabure Leste, and Cardeal do Nordeste production concessions and the REC-T-212 block that share a common gas reservoir in the onshore Reconcavo Basin.Â  Alvopetro issued a press release regarding the unitization agreement on 15 January 2018.Â  It provided the following information including that total estimated in place gas reserves for the unitized are estimated to be 127.1 Bcfg.Â  The ANP approved of the following ownership split of the reservoir based on working interest and block area involved.Â  The three companies involved in the process Alvopetro, Imetame, and Orteng will have 60 days to finalize various additional requirements to conclude the unitization agreement including preparation and filing a joint development plan, choosing the unit operator, and execute a joint operating agreement.Â  If the parties are unable to reach an agreement by 13 March 2018, the ANP will make the final decisions.Â  According to Alvopetro, the ANP evaluated all of the technical information regarding the common reservoir and decided on the working interest share of each party as follows.      Alvopetro      was granted 49.1 % of the reservoir that represents 62.4 Bcfg in place estimated      reserves with 27.8 Bcfg reported as 2P reserves in June 2019.     Imetame      was granted 36.1 % of the reservoir that represents 45.9 Bcfg in place      estimated reserves and also the 14.8% of 18.8 Bcfg reserves previously      held by Orteng.     Orteng      was granted 14.8 % of the reservoir that represents 18.8 Bcfg in place      estimated reserves.
1-REN-001A-BA (1-IMET-026A-BA) new-field wildcat (NFW) in the REC-T-212, suspended with gas shows.