Bauna and Piracaba Coal and oil Fields, formerly often known as Tiro and Sidon Oil and Gas Fields, are placed in block BMS-40 inside southern a part of Santos Basin about 200km over coast of Sao Paulo. The fields began production in February 2013.The Bauna field, owned solely by Petroleo Brasileiro (Petrobras), is estimated to keep reserves of 113 million barrels of oil equivalent (boe) as the Piracaba field is estimated to hold reserves of 83 million boe.
Operations for the two fields are increasingly being accomplished from the floating production storage and offloading (FPSO) vessel Cidade de Itajai, that’s operated through the Odebrecht and Teekay (OOG-TK) consortium.
The FPSO is currently attached to well 9-SPS-88, which has a production capacity as high as 12,000 barrels every day. Production on the two fields is expected to intensify while using the connection of ten additional wells to the FPSO by August 2013. The ten wells will comprise five production wells, four water injection wells, then one gas injection well.