According to projections by the National Petroleum Agency (ANP) of Brazil, operators are expected to drill approximately 250 development wells by 2020, a quarter of which (65) are in the Santos Basin. Brazil currently has a total of 303 producing fields and 323 exploratory blocks contracted to 47 domestic and 50 foreign groups. Exploration well drilling commitments in 2020 must be presented by the oil companies to ANP by 30 October.
DRILLBITS
Monthly eNewsletter from the IADC
Brazil’s National Petroleum Agency Projects 250 Development Wells by 2020
