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Nov 5, 2019 PetroRio expects to reduce its extraction cost to $ 20 a barrel by December. The company closed the third quarter of 2019 at a cost of $ 22.9 a barrel, compared with $ 24 in the second quarter. According to the Brazilian oil company, the reduction of extraction costs was made possible... Continue Reading →
Seabed Geosolutions, a joint venture between Fugro and CGG, has just completed a deepwater proprietary 3D ocean bottom node (OBN) survey in the Santos Basin, offshore Brazil. The survey, started in late 2018, covered the Buzios field, lying in around 2000 m water depth. Fugro said on Wednesday that, utilizing Seabed Geosolutions’ Manta ocean bottom... Continue Reading →
Nov 5, 2019 In the first half of November, Petrobras will begin drilling its first Uirapuru exploratory well, an area of the Santos cluster that was auctioned off in the 4th round of sharing, in 2018. The campaign will be carried out by Seadrill's West Tellus drillship have a new contract. The chartering of the... Continue Reading →
November 5, 2019 The two exploratory block auctions that the ANP will promote today and tomorrow are marked by record numbers, starting with the huge numbers that generate huge expectations in the industry and in the three Brazilian administrative spheres. Treated by the government as the biggest auction of all time, the TOR round will... Continue Reading →
Brazilian oil workers’ unions have sued to block two massive deep-water crude tenders due to take place this week, while the country’s mines and energy minister said on Tuesday that the tender would be a big success. In Wednesday’s auction, known as the transfer-of-rights (TOR) bidding round, companies are expected to pay up to 106.5... Continue Reading →
November 5, 2019 Petróleo Brasileiro S.A. - Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council for Economic Defense (CADE) on July 8, 2019. It is worth mentioning the pre-established commitments in the agreement and that have been fulfilled by Petrobras: •... Continue Reading →
As Brazil approaches the biggest oil auction in its history — and one of the world’s most expensive ever — the field of deep-pocketed bidders has narrowed to less than a dozen oil majors. In Wednesday’s auction, known as the transfer-of-rights (TOR) bidding round, firms are expected to pay up to 106.5 billion reais ($26.5... Continue Reading →
November 4, 2019 The Brazilian Association of Petroleum Services Companies - ABESPetro, elected the new Board and Fiscal Council for the 2020/2021 biennium. Adyr Tourinho (BHGE) was elected CEO. The new Board also includes Anna Carvalho (Expro), Eduardo Chamusca (SBM), Jorge Mitidieri (Ocyan), Lauro Puppim (Saipem) and Ricardo de Luca (Port of Açu). To the... Continue Reading →
Nov 4, 2019 Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship. Seadrill said on Monday that the contract was for the West Tellus drillship. Seadrill’s West Tellus is a 6th generation DP3 drillship rated for 3,600m water depth. It was built in 2013 by Samsung Shipyard in... Continue Reading →
Nov 01, 2019 Petrobras Natural Gas Executive Manager Rodrigo Costa Lima said that the installation of a floating gas terminal could be the solution for the production of new pre-salt fields. The decision, he says, has to be made by 2022 to absorb production growth in the second half of the next decade, and has... Continue Reading →
