Joint HGS & SPE General Luncheon
HGS/SPE Joint Luncheon
Wednesday April 25
Petroleum Club 800 Bell St (43rd Floor) Houston, TX 770
Speaker''s Name: Michael Mileo, Frade Project Manager, Chevron
Development of the Frade Field, Offshore Deepwater Brazil, Northern Campos Basin
The Frade project is Chevron’s recently announced deepwater heavy-oil development project requiring a capital investment of approximately $2.5B. The sanctioning of the Frade project marks a major milestone in an effort that began in 1997 when Brazil opened up its oil and gas reserves to foreign exploration.
The Frade field is located in the Northern Campos Basin, approximately 370 kilometers offshore Rio de Janeiro, Brazil in 1,100 meters water depth. The one hundred fifty-four (154) Km2 Frade concession area is adjacent to Petrobras’s Albacore Leste andR oncador developments.
The field was discovered in 1986 by Petrobras, was subsequently appraised with a Petrobras well in 1989 and two Texaco wells in 2001.Register Now