Jupiter Pilot is a heavy oil development located in ultra-deepwater in Brazil and is operated by Petroleo Brasileiro. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block BM-S-24, with water depth of around 7,206 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2026. The development cost is expected to be $871 m.
Field participation details
The field is owned by China Petrochemical, Galp Energia SGPS and Petroleo Brasileiro.
Production from Jupiter Pilot
Production from the Jupiter Pilot heavy oil development project is expected to begin in 2028 and is forecast to peak in 2029, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2042.
About Petroleo Brasileiro
Petroleo Brasileiro SA (Petrobras) an oil and gas company, with a focus on exploration and production, refining, energy generation, and trading. The company has a significant reserve base and has developed expertise in deep and ultra-deepwater exploration and production. Its main services include offshore drilling, production platforms, subsea vessels, and subsea hardware operations. The company collaborates closely with suppliers, universities, and research centers to develop its own technology for efficient deepwater operations. Its products and services are utilized across various industries. The company contracts engineering, procurement, construction, and installation (EPCI) for its entire business stream. Petrobras markets its products in North America, South America, Africa, and Asia. Petrobras is headquartered in Rio de Janeiro, Brazil.
For more details on the Jupiter Pilot 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.
