Oliva is a heavy oil development located in ultra-deepwater in Brazil and is operated by Enauta Energia. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Oliva was discovered in 1993, lies in block BS-4 (Oliva), with water depth of around 4,969 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2027. Final investment decision (FID) of the project will be approved in 2024. The development cost is expected to be $912 m. The Oliva heavy oil development will involve the drilling of approximately two wells.
Field participation details
The field is owned by 3R Petroleum Oleo E Gas and Maha Energy.
Production from Oliva
Production from the Oliva heavy oil development project is expected to begin in 2027 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2047.
About Enauta Energia
Enauta Energia SA, a subsidiary of Enauta Participacoes SA, is engaged in the exploration, extraction and development of oil and gas deposits. The company is headquartered in Rio de Janeiro, Brazil.
For more details on the Oliva Heavy Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
