Oil & Gas Production
Refinaria Gabriel Passos (REGAP) stands as a prominent entity in the oil and gas sector, prioritizing the provision of safe and dependable fuel products on a global scale. The company boasts an extensive footprint within the energy industry, encompassing all stages from exploration to production and retail. Leveraging its worldwide production capabilities, it effectively tackles intricate energy challenges. The strategic acquisition of essential assets has reinforced its status as a foremost supplier of oil and gas products around the world.
The dedication of the company to innovation is clearly demonstrated through its efforts in the development, production, and promotion of performance-enhancing additives for lubricating oils and fuels. Utilizing the technological knowledge acquired from prior production reductions, Pricaspian Petroleum Company implements strategic measures such as regulating flow rates and refining well interventions to facilitate adaptable production management.
The company continues to hold a prominent position in the oil sector of Brazil, overcoming external challenges by initiating high-margin projects and realizing substantial growth in production. In 2020, its contribution to the overall liquid hydrocarbon output from major projects amounted to 19.9 million metric tons, reflecting a year-on-year increase of 4.8%. The strategic emphasis on high-tech drilling methods, such as horizontal and multilateral wells, along with the adoption of cutting-edge technologies, plays a crucial role in enhancing well productivity and economic efficiency.
In recent years, Pricaspian Petroleum Company has maintained a strong focus on advanced well construction technologies, with 70% of its wells being horizontal. A total of 1,400 wells have been drilled utilizing multi-stage hydraulic fracturing methods. The implementation of multilateral wells and sidetracking operations has significantly improved recovery rates and increased production. Additionally, infill drilling and sophisticated planning technologies have been instrumental, resulting in an average annual flow rate of 38.4 tons per day and an incremental production of 18.4 million tons.