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Enauta communicated the preventive suspension of production in Atlanta, a heavy oil field in the Santos Basin, which operates through an anticipated system, with less capacity. - "When identifying faults in the oil heaters, a specialized company was hired for evaluation. As preliminary information indicates that the corrosion found in some equipment may compromise its... Continue Reading →
Petrobras, following up on the release disclosed on November 19, 2019, informs that the Administrative Council for Economic Defense (CADE), in a Court session held on this date, approved the sale of Liquigás Distribuidora S.A. ("Liquigás"), a wholly-owned subsidiary of Petrobras, to the acquiring group composed of Itaúsa S.A. (Itaúsa), Copagaz - Distribuidora de Gás... Continue Reading →
Brazilian oil and gas company PetroRio has signed an agreement with BP for the acquisition of interests in two fields offshore Brazil. PetroRio said on Thursday that the agreement was for the acquisition of 35.7 per cent interest in the BM-C-30 block which consists the Wahoo field. The deal also includes the buy of the... Continue Reading →
Offshore drilling contractor Transocean has secured contract extensions for two of its 2011-built drillships with Brazil's national oil company Petrobras. Transocean said Wednesday that Petrobras had exercised a 680-day option for the Deepwater Corcovado drillship, and an 815-day option for the Deepwater Mykonos drillship. Transocean acquired both ultra-deepwater drillships through the acquisition of its rival Ocean... Continue Reading →
The jewel in the Petrobras crown, the Buzios field should reach the end of the decade with daily production above 2 million barrels of oil per day - today, this volume is 600 thousand. The forecast was presented by the executive manager of the state company Marcio Kahn, during the Technical Forum of Pre-Salt Petroleum... Continue Reading →
The development of the 17 production sharing contracts in force represents an investment demand of US$ 122.7 billion, between 2021 and 2030, peaking in 2028, when six new FPSOs come into operation, according to PPSA estimates. - The studies are presented at the 3rd Pre-Salt Petroleum Technical Forum. - The investment projection considers the entry... Continue Reading →
Brazilian oil major Petrobras has launched an opportunity disclosure stage (teaser) for the sale of its 50 per cent in offshore oil fields known as the Marlim Cluster in the Campos Basin, offshore Brazil. Petrobras said it was looking to sell stakes in the deepwater concessions of Marlim, Voador, Marlim Leste, and Marlim Sul fields. The company, which currently owns... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 25, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in the Albacora and Albacora Leste concessions, located predominantly in deep waters in the Campos Basin. Potential buyers qualified for this phase will receive instructions... Continue Reading →
Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades. "Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe... Continue Reading →
(Reuters) - Petrobras has launched an initiative that aims to cut costs by 30% related to drilling wells and will concentrate on future operations in the Búzios field, the largest in the world in deep waters and the state's main asset, in the pre-salt layer Santos Basin. The company said that the so-called Well Efficiency... Continue Reading →
Brazil Energy Insight 