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The week starts with lots of news about the Mero field, in the Santos Basin pre-salt. Petrobras announced it has applied with Ibama for the Installation License for the FPSO Sepetiba, the second definitive production unit in Mero. Earlier, as we reported, the state company announced that it obtained the license to install the second... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 24, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of twenty-six onshore and shallow water production field concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte... Continue Reading →
The cost to Brazil’s government of servicing its ballooning domestic debt fell to an all-time low in August, official figures showed on Monday, following the drop in official interest rates and a dramatic shortening of the debt profile. Treasury also said it is monitoring the short-term, floating rate “LFT” market closely, and expects it to... Continue Reading →
Equinor announced the final investment decision for the development of the Breidablikk field, a major oil discovery in the North Sea. The contract for subsea production facilities was awarded to Aker Solutions. The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components. Aker Solutions do Brasil will... Continue Reading →
The opening of the bidding proposals for Maintenance and Repair Services of Offshore Platforms with parts supply (UN-BC) is scheduled for next Friday, at 3 pm. There are four lots that have the following reference prices from the state company: Reference budget: - LOT 1 - R$ 734,833,180.14 - LOT 2 - R$ 189,492,230.76 -... Continue Reading →
The development stage of the Mero field, within the Libra area, will enter a new phase. Petrobras obtained the environmental license for the installation of the asset's second Early Production System (SPA 2), located in the Santos Basin. The document was issued this month by the Brazilian Environmental Institute (Ibama) and will be valid for... Continue Reading →
Petrobras identified the presence of hydrocarbons in the first pioneer well drilled in block C-M-657, in the Campos Basin pre-salt. The indications are of natural gas, according to information sent by the company to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), this week. Well 1-BRSA-1376D-RJS, nicknamed Naru, was drilled 308 km from... Continue Reading →
After months of negotiation, the two companies closed a deal, and are expected to sign a contract today for the campaign to support units in Brazil. The contract will have a firm term of 300 days, with the possibility of extension. GranEnergia's UMS Venus will support three Modec FPSOs and one FSO as January, installed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 08/25/2020, 07/27/2020 and 03/20/2020, informs it has made the total prepayment of the remaining balance of its revolving credit lines denominated in US dollars, in the amount of US$ 2.0 billion. With this prepayment, the company currently has US$ 7.6 billion available... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 24, 2020, informs that its Executive Board approved a second alteration to the deadline for certain precedent conditions set forth in the agreement with Seven Brazil to be implemented. Thus, the effectiveness of the agreement and other related contracts will depend on... Continue Reading →
Brazil Energy Insight 