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Located in the Atapu field, in the eastern portion of the Santos Basin pre-salt, the P-70 reached its project capacity of 150,000 barrels per day on July 12, with the contribution of just four producing wells, one year after entry into production. This result confirms the excellent productivity of the field's reservoirs and reflects the... Continue Reading →
(Offshore) TGS has issued updates on various seismic surveys in its latest results statement. Offshore Brazil, the Santos multi-client 3D Phase 4 survey is under way over the western portion of the Santos basin: this will be a northwest extension of the existing TGS Santos 3D, covering around 5,000 sq km (1,930 sq mi). Full-volume... Continue Reading →
(Offshore) Transocean Ltd. has provided an update on its offshore drilling rig fleet. As of July 21, the company’s total backlog is about $7.3 billion. Hess has awarded the ultra-deepwater drillship Discoverer Inspiration a nine-well contract in the US Gulf of Mexico. The contract is expected to run from September 2021 to April 2022. The day rate is $215,000. BHP has... Continue Reading →
In 2Q21, we continued to operate safely and had a solid operating performance, despite the persistence of the pandemic scenario. The average production of oil, NGL and natural gas reached 2.80 MMboed, 1.1% above 1Q21, due to the continued ramp-up of platforms P-68 (Berbigão and Sururu fields) and P-70 (Atapu field). Production in the pre-salt... Continue Reading →
Between 2021 and 2025, Petrobras plans to invest US$ 13 billion in the Campos Basin, mainly for the revitalization of oil fields. Petrobras has reallocated investments through what it calls "active portfolio management", that is, it has bet on assets with the potential to generate more value in the medium and long term and the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 15, 2021, informs that it signed today, together with Fundação Petrobras e Seguridade Social (Petros), a Term of Commitment, regarding its parity interest, for the cash payment of the debt recognized in the migration process of the PPSP-R and PPSP-NR Plans to... Continue Reading →
Offshore accommodation provider Floatel International has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters. Floatel informed on Tuesday that Equinor Brasil Energia had awarded a contract to Floatel Victory to provide maintenance and safety unit (MSU) services alongside Peregrino floating production storage and offloading unit... Continue Reading →
Prysmian Group has secured a contract to provide deep-water electro-hydraulic umbilicals and specialized offshore and logistic services to Petrobras. Italian cabling company is to deliver 350 kilometres of high-end deep-water electro-hydraulic umbilicals using both steel tube and thermoplastic technology. The umbilicals will be engineered, produced, tested and delivered in the period from 2022 to 2025... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has received an official letter from the Ministry of Mines and Energy with the following indications for the composition of the slate of the Federal Government for the company's Board of Directors positions, whose election will take place in the next Extraordinary General Meeting: I - Eduardo... Continue Reading →
PetroRecôncavo continues to deliver positive results in its operations, creating an attractive growth potential with the clusters it already has. In Safra's opinion, the company should keep up the good pace – or even create more value with the acquisition of new areas. "In our view, PetroRecôncavo should be able to continue delivering good results... Continue Reading →
Brazil Energy Insight 