Parnaíba Basin Analysis

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After a 20-year gap in activities, 2007 marked the return of areas in the Parnaíba basin on the 9th Bidding Round. Ten blocks were acquired, an exploration campaign started in 2009, and two years later, the first two fields – Gavião Real and Gavião Azul – were declared.

In the period of 2013-2015, more blocks were offered and acquired on subsequent rounds, and new companies began to show interest in the area such as Galp and Ouro Preto.

Nowadays, Eneva owns almost all the assets, with 9 Production & Development Fields and over 15 Exploratory Blocks that together have peaked production at around 8,000 Mm³/day of natural gas.

The basin has also been very active in terms of drilling, with 16 new wells in 2019 (11 of those exploratory) and an average drilling time of 10 days.

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