BW Energy Ltd. made a final investment decision (FID) for the Golfinho Boost project at Golfinho field in Espírito Santo basin offshore Brazil in 800-1,700 m of water.
The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by about 12 million bbl. The measures include upgrades to the subsea boosting system by replacing gas lift with electrical submersible pumps at the seabed, reopening of shut-in wells, umbilicals replacement, improved field logistics, and FPSO capacity enhancements, the company said.
The Golfinho Boost project is expected to add about 3,000 b/d of incremental oil production starting in 2027 with a total investment of $107 million.
BW Energy is operator of the Golfinho license with 100% working interest.
Alex Procyk | Upstream Editor
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).