UIRAPURU DRILLING CAMPAIGN

Nov 5, 2019

In the first half of November, Petrobras will begin drilling its first Uirapuru exploratory well, an area of ​​the Santos cluster that was auctioned off in the 4th round of sharing, in 2018. The campaign will be carried out by Seadrill’s West Tellus drillship have a new contract.

The chartering of the rig was carried out via direct negotiation. The drillship will be chartered for two years for $ 170 million, equivalent to a daily rate of about $ 235,000.

West Tellus has been operating exclusively in the Mero / Libra area since 2015. The contract was due to expire at the end of October, but had to be extended for a few days prior to its departure to Uirapuru.

Petrobras holds a 30% stake in Uirapuru, Petrogal 14%, Equinor 28% and ExxonMobil 28% as partners. At first, the Seadrill rig will only make one well in the area and will then be transferred to other consortium-operated areas of the Brazilian oil company. Sources heard by PetróleoToday bet on the Alto de Cabo Frio Central (Petrobras and BP Energy) and Entorno de Sapinhoá (Petrobras, Shell Brasil and Repsol Sinopec) blocks, both in Santos, won in the third and second rounds, respectively. West Tellus’ new contract guarantees the permanence of a Seadrill unit in Brazil. The Norwegian company kept West Saturn operating for Equinor, but the campaign ended, and the unit left the country. Information is circulating that the Norwegian group submitted the best bid in the ExxonMobil bid, but there is no official confirmation.

Petrobras also negotiates with Constellation the chartering of the rig Amaralina Star, also focusing on partnership areas. The initiatives are based on the daily rates presented by the companies in the Brazilian oil bid for the pool and the BM-S-11 project – an asset that, starting in November, will feature Laguna Star, also from Constellation.

The consortium formed by Petrobras (65%), Shell (25%) and Petrogal (10%) wants to have two units operating in the area with exclusive dedication, as last year. Amaralina Star may, however, eventually be transferred to other consortium areas of the Brazilian oil company.

Source: Brasil Energia Magazine

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.