Brought to you by Quest Offshore & Southern Cone Consultants
Brazil, home to the most severe Covid-19 outbreak in Latin America, is emerging with the region’s shallowest recession this year, thanks to a faster economic reopening and temporary stimulus measures. The nation that trails only the U.S. as a global virus hotspot has seen key indicators including industrial output and retail sales outstrip economist expectations just as stores and... Continue Reading →
Aug 14, 2020 The ANP board approved the extension of four more contracts for mature onshore oil and gas fields: Massapê, Cantagalo, Fazenda Azevedo and Fazenda Boa Esperança. Thus, there are already 34 mature fields with extended contracts (21 offshore and 13 onshore), which will generate more than US $ 28 billion in new investments,... Continue Reading →
Aug 13, 2020 ANP started to make available the list of oil and gas exploration and production contracts whose operating companies requested an extension of exploratory terms due to the Covid-19 pandemic, as well as the status of each order. Until Aug 11, 2020, 48 expressions of interest were received from 12 operators, of which... Continue Reading →
Aug 12, 2020 The three contracts under production sharing regime - Mero Development Area, Entorno de Sapinhoá and Sudoeste de Tartaruga Verde - produced 9.3 million barrels of oil and 51 million cubic meters of natural gas (available for sale) in the first semester of 2020. The data are part of the Monthly Bulletin of... Continue Reading →
Aug 12, 2020 Petrobrás is taking another step in its plans to decrease the average age of Transpetro's fleet of ships and announced that it will hold an auction for the Piraí, Pirajuí and Pedreiras oil tankers, all of which are Panamax class. The event is scheduled for September 10, through the Petronect portal. The... Continue Reading →
Aug 12, 2020 Petrobras management is promising the supply chain to share a series of technical details about its new pre-salt exploration and production projects earlier. The information was provided by the company's executive director of Production Development, Rudimar Lorenzatto, who participated in a webinar promoted by SPE Brasil. The executive stated that the sooner... Continue Reading →
August 11, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/27/2020, regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia, informs that it has extended until 08/21/2020 the deadline for companies to express their interest in the opportunity.... Continue Reading →
Aug 11, 2020 The pandemic should also cause the delay in the delivery of the FPSO Sepetiba that SBM Offshore is building to be installed in Campo de Mero 2. The crisis in international health has caused the closure of many offices and supplier companies in Singapore, where the unit will be built . The... Continue Reading →
The well intervention market is a niche one, with only a few main players – including Helix/Well Ops, Island Offshore, AKOFS Offshore and Siem Offshore – and only three key geographical regions; Northwest Europe, South America and the US Gulf of Mexico. Unsurprisingly then, the fleet operates in regions with high numbers of installed subsea... Continue Reading →
Aug 11, 2020 Petrobras published today (11) a tender for the chartering and provision of operating services for at least one or even two high-specification offshore drilling rigs for operation in water depths of up to 2,400 meters. The contract term to be awarded to the winner of the tender will be three years. The... Continue Reading →
Brazil Energy Insight 