Category: Brazil

Halliburton Installs First Downhole Electro-Hydraulic Wet-Connect in Deepwater Brazil

(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced a successful installation of the industry’s first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil – a significant achievement in downhole electric completion technology. The Halliburton Fuzion® EH electro-hydraulic downhole wet-mate connector helps increase well recovery factors by maintaining integrity of Halliburton’s SmartWell® completion systems throughout the well’s lifecycle.... Continue Reading →

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Brazil’s transition team asks Petrobras CEO to suspend company’s divestment plan

(Reuters) - Brazil's government-elected transition team asked state-run oil company Petrobras' (PETR4.SA) Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestment plan so they have time to decide which asset sales would go ahead in the coming years, transition team member Mauricio Tolmasquim told Reuters on Monday. "It would be ideal to suspend everything... Continue Reading →

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Brazil: Development of the Production Sharing contracts  may require 21 FPSOs by 2029

(epbr) The development of the 18 production sharing contracts currently contracted may require the contracting of 21 production platforms (FPSOs) of up to 225 thousand barrels/per day of capacity by 2029, estimates Pré-Sal Petróleo (PPSA). — Investments in production development are estimated at US$ 72.4 billion between 2023 and 2032, which include everything from the... Continue Reading →

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As winner of Petrobras’ tender, Prosafe anticipates contract award by year-end

(OET) Offshore accommodation provider Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil. This announcement comes after the firm disclosed in October 2022 that it had submitted the most competitive offer in this bidding process. Prosafe explained last Friday that the final contract award and the start of... Continue Reading →

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Karoon Energy on the oil assets acquisition trail

(U) Australian independent Karoon Energy is on the acquisition trail as it looks to add more oil assets in Brazil, where it is already producing from the Bauna field, and potentially further afield in the Americas. “We are continuing to explore potential acquisition and farm-in opportunities,” confirmed Karoon chairman Bruce Phillips. Most of the assets... Continue Reading →

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