Investing $8 billion in Brazil’s waning offshore Campos Basin could boost its oil production by 230,000 barrels of oil equivalent per day (boepd) by 2025, consultancy Wood Mackenzie said in a report on Tuesday. Oil majors have already plowed billions into Brazil, now Latin America’s top producer, to lock in stakes in its pre-salt offshore... Continue Reading →
Petrobras, Shell, Total, Repsol registered to bid for Brazil oil cargo
Petrobras, Royal Dutch Shell, Total and Repsol have registered to bid on oil cargo the Brazilian government will be auctioning later this week, Pre-sal Petroleo SA, the state company managing contracts to develop the coveted offshore pre-salt layer, said on Monday. The oil cargo is the government’s share of production in the Mero, Lula and... Continue Reading →
Petrobras starts binding phase for two Campos Basin fields sale
Brazilian oil major Petrobras has begun the binding phase related to the sale of 50% of its non-operated working interest in Tartaruga Verde field and Module III of Espadarte field, both located in the Campos Basin off Brazil. Petrobras said on Monday that process letters were issued to qualified interested parties with detailed instructions about... Continue Reading →
Equinor to drill up to 3000 wells over coming decades
Norwegian state-owned giant Equinor on Tuesday presented its plans for transforming the Norwegian continental shelf (NCS) over the coming decades. The company’s plans include drilling of up to 3000 wells during the coming decades and extending the lifetime of more than 20 installations. Read more
Marlim Leste concession renewed until 2052
08/27/18 ANP has already approved the renewal of a concession contract for seven fields in production The ANP board approved the extension of the Marlim Leste concession contract until 2052. Petrobras is the concessionaire of the field, whose contract for Round Zero ends in 2025. The production system of the field has two FPSOs -... Continue Reading →
Petrobras Sale of Tartaruga Verde and Module III of Espadarte Fields: Binding phase
Rio de Janeiro, August 27, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 06/18/2018, informs the beginning of the binding phase related to the sale of 50% of its non-operated working interest in Tartaruga Verde field (BM-C-36 Concession) and Module III of Espadarte field, both located in deep water... Continue Reading →
Petrobras Sale of Concessions of Baúna Field in Santos Basin: Start of the Binding Phase
Rio de Janeiro, August 27, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosure made on 06/18/2018, informs the beginning of the binding phase regarding the sale of its entire stake in Baúna field (concession area BM-S-40), located in shallow waters in the Santos basin. At this stage of the project, process... Continue Reading →
Siem Offshore finds work for platform supply duo
Norwegian offshore and subsea shipping company Siem Offshore has secured contracts for two of the company’s platform supply vessels (PSVs). For illustration only. One of Siem Offshore’s vessels; Photo by: Alan JamiesonSiem Offshore said in an Oslo Bors filing on Monday that the company won charter contracts for the Siem Atlas and Siem Giant vessels.... Continue Reading →
POSH unit bags accommodation gig with Petrobras
Pacc Offshore Services Holdings (POSH) said on Friday that the 750-pax POSH Xanadu will be supporting Petrobras’ production activities in the Campos Basin, right after it completes its current job at the Chevron Big Foot Tension Leg Platform in the U.S. Gulf of Mexico. The firm contract with Petrobras is for eight months, with an option... Continue Reading →
Bradesco will be the new bookkeeper for Petrobras shares
Rio de Janeiro, August 23, 2018 - Petróleo Brasileiro S.A. - Petrobras reports that, as of August 30, 2018, Banco Bradesco S.A. ("Bradesco") will provide bookkeeping services for shares issued by the company, and the service to shareholders will be carried out by its branch network, with nationwide presence. Due to the termination of the... Continue Reading →
Brazil Energy Insight 