Equinor confident on Brazil offshore gas project

Norway’s Equinor is eager to develop its BM-C-33 project off Brazil’s southeast coast, the company’s local value chain vice president, Claudia Brum, told the Blue Ocean Gas & Energy Week event on Monday.

“We're very confident of good news to bring the gas from Pão de Açúcar,” she said, referring to the large gas discovery in the Campos basin block.

Recoverable volumes of the BM-C-33 are more than 1 billion barrels of oil equivalent, making it one of the main natural gas projects under development in the country.

Source: Equinor

The asset was acquired during an auction held by watchdog ANP in 2005, and Equinor became the operator in 2016. The reservoirs are located in water depths of about 3,000m.

Together with its partners – Repsol Sinopec and Petrobras – Equinor approved in March 2021 the development concept for BM-C-33. Gas and oil/condensate will be processed at the FPSO to sales specifications.

Crude will be offloaded by shuttle tankers and shipped to markets after ship-to-ship transfer. 

The gas export solution is based on an integrated offshore gas pipeline from the FPSO to a new dedicated onshore gas facility inside the Petrobras Tecab site at Cabiúnas, before connecting to the domestic gas transmission network.

Production at Pão de Açúcar is expected to start in 2026 or 2027.