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Transparent Well Project

Sector: Government • Location: Brazil

Source: Brazil PPI

Project
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According to data from the International Energy Agency, in 2013, Brazil ranked 9th in the world in non-conventional gas reserves, which is what the most difficult to access resources are called, which depend on more modern technologies to obtain them (such as , for example, the technique of hydraulic fracturing – fracking). Despite the great potential for exploring these resources in our country –

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The project “Transparent Well Project” is an infrastructure initiative in the Government sector, located in Brazil. Taiyo aggregates data on it from Brazil PPI.

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Description

Description

According to data from the International Energy Agency, in 2013, Brazil ranked 9th in the world in non-conventional gas reserves, which is what the most difficult to access resources are called, which depend on more modern technologies to obtain them (such as , for example, the technique of hydraulic fracturing – fracking). Despite the great potential for exploring these resources in our country – with the consequent generation of jobs and income –, it has not yet been possible to quantify and qualify these reserves. Aiming to overcome this gap, the National Energy Policy Council (CNPE) established the Oil and Natural Gas Exploration and Production Policy “to maximize the recovery of in situ resources from reservoirs, the quantification of national oil potential and the intensification of exploratory activities in the country, as well as promoting the adequate monetization of existing reserves, safeguarding national interests” (Resolution nº 17/2017). As part of this policy, and based on the understanding that it is important to provide broad publicity about these processes to Brazilian society, the “Transparent Well Project in a low permeability oil and natural gas reservoir” was conceived. The objective is to provide credibility and sustainability to the process, through expanding knowledge about hydraulic fracturing techniques and extensive dissemination of information (geological, environmental, technical) about the progress of exploration and production projects for unconventional natural gas through of this technology. The Federal Government understands that the exploration, development and production of non-conventional gas resources are fundamental for the diversification of supply and consequent reduction in the price of natural gas, which represents an important input for the industrial sector and is essential for the development economic of the country. At the same time, it wants to conduct this process with maximum transparency and dialogue with the population to provide the acquisition of information (geological, environmental, technical) and expand knowledge about hydraulic fracturing, making this data accessible to the entire society.

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High

Data quality score

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