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Raia project, Brazil

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4th October 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Raia project.

Location
About 200 km from shore, in water depths of up to 2 900 m, in the Campos basin presalt, in Brazil.

Project Owner/s
Equinor (35% – operator), Repsol Sinopec Brasil (35%) and Petrobras (30%).

Project Description
Raia is one of the most significant gas projects under development in Brazil. When in operation, it could provide up to 15% of total gas demand in the country. It contains natural gas and oil/condensate recoverable reserves of more than one-billion barrels of oil equivalent.

The operation will have a gas export capacity of 16-million mega standard cubic metres a day, and a floating production storage and offloading unit capacity of about 126 000 bbl/d.

Potential Job Creation
The project will create up to 50 000 direct and indirect jobs locally throughout its lifetime.

Capital Expenditure
$9-billion.

Planned Start/End Date
Startup is expected in 2028.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
Valaris, represented by Ensco UK Drilling and Ensco do Brasil Petróleo e Gás (a drilling contract).

Contact Details for Project Information
Equinor, tel +47 51 99 00 00.
Repsol Sinopec Brasil, tel +55 21 2559 7000 
or email contato@repsolsinopec.com.
Petrobras, email infopnbv@petrobras.com.
 

Edited by Creamer Media Reporter

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