Offshore Field Development Projects
Tubarao Martelo (Waikiki)
Operator:OGX
Water Depth:105 m / 347 ft
Region:S. America - Brazil
Country:Brazil
Last Updated:Dec 6, 2013    (view update history)
Project Description
Tubarao Martelo is located in Block BM-C-39 about 58 miles (94 kilometers) off the coast of Rio de Janeiro in a water depth of 344 feet (105 meters). OGX wholly owns and operates the block.

In December 2010, OGX announced it found hydrocarbons in the Albia-Cenomanian section of well 1-OGX-25-RJS on the Waikiki prospect. The well found an oil column of about 410 feet (125 meters) with nearly 381 feet (116 meters) of net pay in carbonate reservoirs.

A month later the operator announced the well found additional pay. Thus far, the well has identified a total column of about 650 feet (198 meters) and a total net pay of around 476 feet (145 meters) in the Albian-Cenomanian section.

The company noted, new studies, including logging and cable tests, also ...
Tubarao Martelo is located in Block BM-C-39 about 58 miles (94 kilometers) off the coast of Rio de Janeiro in a water depth of 344 feet (105 meters). OGX wholly owns and operates the block.

In December 2010, OGX announced it found hydrocarbons in the Albia-Cenomanian section of well 1-OGX-25-RJS on the Waikiki prospect. The well found an oil column of about 410 feet (125 meters) with nearly 381 feet (116 meters) of net pay in carbonate reservoirs.

A month later the operator announced the well found additional pay. Thus far, the well has identified a total column of about 650 feet (198 meters) and a total net pay of around 476 feet (145 meters) in the Albian-Cenomanian section.

The company noted, new studies, including logging and cable tests, also permitted the identification of hydrocarbons in sandstone reservoirs in the Eocene section, specifically a gas accumulation with a column of about 52 feet (16 meters) and a net pay of nearly 26 feet (8 meters).

Field Development

On April 25, 2012, OGX declared the property commercial with development plans being finalized for submission to Brazil's ANP in the near future.

OGX estimates the field holds recoverable reserves of 285 million barrels of oil with production expected to start in the second half of 2013.

It is expected that the field will be developed by one FPSO, OSX-3, and one WHP, WHP-2, with production flowing through 22 development wells, including 14 production wells and 8 injection wells. OGX intends for the Waikiki Complex to produce at an average rate of 15-20,000 bopd with production beginning in the fourth quarter of 2013.

OGX intends to pre-drill five horizontal production wells during 2012 and 2013 to establish a strong production ramp-up, prior to the anticipated arrivals of the WHP-2 in the second quarter of 2013 and OSX-3 in the third quarter of 2013.
Activities
Status Updates
OGX Announces Production Startup at Tubarao Martelo
Type: Production Start

Dec. 2013 - OGX and its partner PETRONAS announced the start of production at the Tubarao Martelo field, located in blocks BM-C-39 and BM-C-40, in the Campos Basin off the coast of Brazil. On Nov 29, 2013 OGX received an Operating License from IBAMA (the Brazilian Institute for Environment and Renewable Natural Resources), authorizing the operation of the OSX-3 FPSO and its respective subsea structures. Installation of the WHP-2 platform will take place in 2014 once construction is complete.

Tubarao Martelo on Track for End of Year Production Start Up
Type: Operator Update

Aug. 2013 - Brazil's Institute for Environmental and Renewable Natural Resources (IBAMA) issued an Installation License for the Tubarao Martelo field in blocks BM-C-39 and BM-C-40 60 miles off the coast. Receipt of the license gives OGX, the field operator, clearance to proceed with the final stages of development and begin oil production from the field. Installation of the OSX-3 FPSO will take place in 3Q 2013 with production beginning near the end of the year. The WHP-2 wellhead platform will be installed at the field once construction is complete in 2014.

OGX Elects to Suspend Some Tubarao Projects
Type: Operator Update

Jul. 2013 - A recent study conducted by OGX on the three producing wells at its Tubarao Azul field revealed that there is no way to economically increase the life of the field using current technology and that the existing wells could cease to produce by 2014. Unexpected behavior in the producing wells caused OGX to undertake the study which included reprocessing and reinterpretation of the existing geological and geophysical data. As a result, a new reservoir model was developed that revealed intense compartmentalization and discontinuity of the reservoirs. OGX plans to submit a motion to Brazil's ANP to suspend development of the remaining Tubarao fields with the exception of Tubarao Martelo which will proceed with development as planned. First production for Tubarao Martelo remains on track for 4Q 2013.

Petronas Gains Brazilian Interests Through OGX Agreement
Type: Acreage Acquisition

May. 2013 - Brazilian exploration and production company OGX reached an agreement to sell 40% of its interest in Campos Basin blocks BM-C-39 and BM-C-40 to Petronas for a reported $850 million with an effective date of May 1. Based on the agreement, Petronas will acquire an interest in the Tubarao Martelo oil field with its 285 million barrels of recoverable resources along with the Inga and Pero prospects which are all located within the two blocks. Production from Tubarao Martelo is expected to begin by the end of the year. The transaction is subject to approval by Brazil's National Petroleum, Natural Gas and Biofuels Agency and the Brazilian Council for Economic Defense.

OGX Declares Waikiki Oil Field Commercial
Type: Status Update

Apr. 2012 - OGX has declared the Waikiki oil field commercial, making it the company's first commercial declaration of an offshore oil discovery. The Waikiki field will be renamed Tubarao Martelo or Hammerhead Shark. The development plan for the oil field is being finalized and will be submitted to ANP soon. OGX estimates the field holds recoverable reserves of 285 million barrels of oil with production expected to start in the second half of 2013.

OGX Places Order for Wellhead Platforms
Type: Development Activity

Apr. 2012 - OGX has placed an order for the charter and construction of the Wellhead platforms 3 and 4, in addition to the already placed order for platforms 1 and 2 with Techint. WHPs 1 and 2 are scheduled for delivery in the first half of 2014 and are expected to be assigned to the Waimea and Waikiki fields offshore Brazil.

Waimea, Waikiki to be Declared Commercial in 2012
Type: Status Update

Mar. 2012 - Dow Jones Newswires reported that OGX plans to declare the Waimea and Waikiki offshore oil fields commercial in 2012. The Waimea field, which came online in January, will be commercially declared in the second quarter; and Waikiki will also receive a similar declaration some time this year. The operator plans to submit a development plan for Waimea to Brazil's National Petroleum Agency, or ANP, in the second quarter. Upon approval, additional wells will be connected to the OSX-1 FPSO. Waimea is currently producing about 12,500 bopd from a single production well, with output expected to reach 40,000 to 50,000 bopd by the end of 2012. Increased output is set to come from two additional production wells that will be connected this year, with engineering studies underway to gauge the feasibility of adding a fourth production well. Furthermore, OGX plans to bring Waikiki online in 2013. The operator stated two FPSOs, OSX-2 and OSX-3, are about 30 percent complete and construction is continuing at a Singapore shipyard.

GE to Supply Drilling and Production Equipment for Waimea, Waikiki Fields
Type: Status Update

Sep. 2011 - OGX awarded GE O&G a contract to provide drilling and production equipment for three offshore fixed production platforms to be deployed in the Waimea and Waikiki oil and gas fields, in the Campos Basin, offshore Brazil. OGX plans to drill a number of production wells in the area. The contract, worth an estimated US $230 million over the next four years, is the largest contract ever signed between GE O&G and OGX, and is the first one involving the provision of equipment specifically for development projects already in the production phase. As part of the agreement, GE will provide a subsea template/tie-back design that will allow OGX to have full flexibility between wells pre-drilled with semisub rigs and wells drilled directly from the fixed platforms. This concept will help OGX to improve initial production from the fields by maximizing the use of the pre-drilled wells. The Waimea and Waikiki fields are located 37 miles (60 kilometers) off the coast of Rio de Janeiro in water depths ranging from 394 to 459 feet (120 to 140 meters).

OGX Concludes Drilling at Waikiki HZ Well
Type: Operator Update

Jun. 2011 - OGX completed horizontal well OGX-9-44HP-RJS (Waikiki Horizontal) and a drill-stem test, identifying excellent production conditions. OGX stated that these results confirm the company's initial expectations regarding the Waikiki accumulation and offers further tangible evidence of the development potential for this area. The information obtained from this well will allow the company to expedite the process for the declaration of commerciality for this area, ensuring the full implementation of their business plan. The horizontal well reached the carbonate reservoirs of the Albo-Cenomanian section of the Waikiki accumulation that was originally discovered through the drilling of the 1-OGX-25-RJS well on Dec. 8, 2010. A drill stem test confirmed production potential of 40,000 bopd with an oil gravity of nearly 23 degree API. OGX says that the quality and homogeneity of the limestone reservoir found in this region will allow efficient drainage of producer wells limited to a flow rate of 15,000 to 20,000 bopd, optimizing oil recovery.

OGX Moves Forward with Development Plans in Waikiki Complex
Type: Operator Update

Jun. 2011 - OGX announced development plans for its Waikiki Complex in the Campos Basin, located on Blocks BM-C-39 and BM-C-40. The company expects to have one FPSO, OSX-3, and one WHP, WHP-2, operating at this complex with production flowing through 22 development wells, including 14 production wells and 8 injection wells. OGX intends for the Waikiki Complex to produce at an average rate of 15-20,000 bopd with production beginning in the fourth quarter of 2013. OGX intends to pre-drill five horizontal production wells during 2012 and 2013 to establish a strong production ramp-up, prior to the anticipated arrivals of the WHP-2 in the second quarter of 2013 and OSX-3 in the third quarter of 2013.

OGX Successfully Appraises Pipeline, Waikiki
Type: Appraisal Operations

Apr. 2011 - OGX has encountered hydrocarbons in the Albian section of well 3-OGX-40D-RJS and in the Albian-Cenomanian section of well 3-OGX-41D-RJS, both appraisal wells from the Pipeline and Waikiki accumulations, respectively. The OGX-40 well found an oil column of nearly 669 feet (204 meters) with a net pay of about 351 feet (107 meters) in carbonate reservoirs in the Albian section. OGX-41 discovered an oil column of about 486 feet (148 meters) with a net pay of about 302 feet (92 meters), also in carbonate reservoirs in the Albian-Cenomanian section. OGX plans to submit evaluation plans for the Pipeline and Waikiki discoveries to ANP soon. The operator also noted that both wells are deviated and pilots for horizontal wells, in which drill-stem tests could be performed to verify the productivity of these areas. The OGX-40D well is located in the BM-C-41 block and is situated about 49 miles (79 kilometers) off the coast of the state of Rio de Janeiro at a water depth of 427 feet (130 meters). The Sea Explorer semisub initiated drilling activities there on March 28, 2011. The OGX-41D well is located in the BM-C-39 block and is located about 55 miles (89 kilometers) off the coast of the state of Rio de Janeiro at a water depth of 341 feet (104 meters). The Ocean Lexington semisub initiated drilling activities there on April 3, 2011.

OGX Hits Pay in Waikiki Accumulation
Type: Appraisal Operations

Mar. 2011 - OGX has found hydrocarbons in the Albian-Cenomanian section of well 3-OGX-35D-RJS, an appraisal well of the Waikiki accumulation which was initially discovered through the drilling of well 1-OGX-25. The oil column is nearly 518 feet (158 meters) with a net pay of about 262 feet (80 meters). The directional well was drilled to a depth of 7,874 feet (2,400 meters), and is a pilot well for the horizontal well that will be drilled in this accumulation. OGX drilled the OGX-35D well in the Waikiki structure to delineate the discovery, which presented features very similar to those of the wildcat well, confirming the extension of the reservoir, stated OGX. The operator commented that this discovery validates their geological model for the region and also highlights their progress towards the production phase in the northern Campos blocks. OGX-35D is located in the BM-C-39 block and is situated about 55 miles (89 kilometers) off the coast of Rio de Janeiro in a water depth of 341 feet (104 meters). The Ocean Lexington semisub commenced drilling of the well on Feb. 12, 2011.

OGX Hits Additional Pay in Waikiki Prospect
Type: Drilling Operations

Jan. 2011 - OGX found additional pay in the 1-OGX-25-RJS well on the Waikiki prospect, located in the Campos Basin on Block BM-C-39 offshore Brazil. Thus far, the well has identified a total column of about 650 feet (198 meters) and a total net pay of around 476 feet (145 meters) in the Albian-Cenomanian section, compared to 410 feet (125 meters) of column and 381 feet (116 meters) of net pay, as previously announced. The company noted, new studies, including logging and cable tests, also permitted the identification of hydrocarbons in sandstone reservoirs in the Eocene section, specifically a gas accumulation with a column of about 52 feet (16 meters) and a net pay of nearly 26 feet (8 meters). OGX has changed the name of the well to 6-OGX-27P-RJS with the drilling of the Albian section. Drilling will continue until a total estimated depth of 10,171 feet (3,100 meters) is reached. The Pride Venezuela semisub is drilling the well in a water depth of 344 feet (105 meters).

OGX Strikes Oil Again in the Campos Basin
Type: New Discovery

Dec. 2010 - OGX found hydrocarbons in the Albia-Cenomanian section of well 1-OGX-25-RJS on the Waikiki prospect. The well found an oil column of about 410 feet (125 meters) with nearly 381 feet (116 meters) of net pay in carbonate reservoirs. Drilling is still in progress, and the well is expected to reach a total depth of approximately 9,843 feet (3,000 meters). The OGX-25 well is located in Block BM-C-39 and is situated about 58 miles (94 kilometers) off the coast of Rio de Janeiro in a water depth of 344 feet (105 meters). The Pride Venezuela semisub is drilling the well.

OSX-3 FPSO
Producing - Dec 2013 to -

Under Construction - Sep 21, 2011 to Dec 2013

WHP-2
Under Construction - Sep 21, 2011 to -

Tubarao Martelo (Waikiki)
Producing - Dec 2013 to -

Under Development - 2012 to Dec 2013

Discovery (Appraised) - Aug 10, 2011 to Jan 2012

Appraisal Drilling - Apr 30, 2011 to Aug 09, 2011

Discovery (Appraised) - Apr 25, 2011 to Apr 29, 2011

Appraisal Drilling - Feb 10, 2011 to Apr 24, 2011

Discovery (Drilled) - Feb 02, 2011 to Feb 09, 2011

Exploratory Drilling - Dec 05, 2010 to Feb 01, 2011

Update History
The SubseaIQ Team works everyday to provide you with the latest information on the offshore field development market. The following table provides you with a detailed record of each addition and update made to this project by the SubseaIQ team.
UPDATE TYPE DATE DAYS AGO
Field Updated Dec 06, 2013 298
Field Status Updated Dec 06, 2013 298
Field Status Added Dec 06, 2013 298
Activity Added Dec 06, 2013 298
Facility Updated Dec 06, 2013 298
Facility Status Updated Dec 06, 2013 298
Facility Status Added Dec 06, 2013 298
Field Updated Aug 15, 2013 411
Field Updated Aug 12, 2013 414
Activity Added Aug 12, 2013 414
Activity Added Jul 02, 2013 455
Field Updated Jul 02, 2013 455
Facility Updated Jul 01, 2013 456
Field Updated May 08, 2013 510
Facility Updated May 08, 2013 510
Activity Added May 08, 2013 510
Project Description Updated May 07, 2013 511
Field Updated May 07, 2013 511
Field Status Updated May 07, 2013 511
Field Status Added May 07, 2013 511
Field Updated Apr 25, 2012 888
Project Description Updated Apr 25, 2012 888
Facility Added Apr 25, 2012 888
Facility Updated Apr 25, 2012 888
Facility Status Added Apr 25, 2012 888
Activity Added Apr 25, 2012 888
Activity Added Apr 20, 2012 893
Field Updated Apr 20, 2012 893
Field Updated Mar 23, 2012 921
Activity Added Mar 23, 2012 921
Field Updated Jan 27, 2012 977
Field Status Updated Oct 26, 2011 1070
Field Status Added Oct 26, 2011 1070
Field Updated Oct 26, 2011 1070
Project Description Updated Oct 26, 2011 1070
Activity Added Sep 21, 2011 1105
Field Updated Jun 22, 2011 1196
Activity Added Jun 20, 2011 1198
Field Updated Jun 08, 2011 1210
Activity Added Jun 08, 2011 1210
Field Status Added May 10, 2011 1239
Activity Added Apr 20, 2011 1259
Field Status Updated Mar 29, 2011 1281
Field Status Added Mar 29, 2011 1281
Project Description Updated Mar 24, 2011 1286
Activity Added Mar 24, 2011 1286
Project Description Added Jan 13, 2011 1356
Activity Added Jan 12, 2011 1357
Field Updated Jan 12, 2011 1357
Field Added Dec 09, 2010 1391
Field Status Added Dec 09, 2010 1391
Field Updated Dec 09, 2010 1391
Activity Added Dec 08, 2010 1392

    Project Update History Search - View all the lastest updates made by the SubseaIQ team.
 
Project Image
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Facility Name OSX-3 FPSO
Duty Oil/Gas
Operator OGX
Current Status Producing since 2013
Host Type FPSO
Water Depth 105 m / 347 ft
Dev.Cost n/a
 
Region Brazil
 
Location BM-C-39
Facility Name WHP-2
Duty Oil/Gas
Operator OGX
Current Status Under Construction since 2011
Host Type Fixed Platform
Water Depth 105 m / 347 ft
Dev.Cost n/a
 
Region Brazil
 
Location BM-C-39
 
Field Name Tubarao Martelo (Waikiki)
Discovery Date Feb 2011
Block BM-C-39, BM-C-40
Reserve Type Oil
Current Status Producing
Production Start Dec 2013
Water Depth 105 m / 347 ft