Petrobras signs Búzios Coparticipation Agreement

Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Pré-sal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of the... Continue Reading →

Petrobras Set to Start Sapinhoá Field OBN Survey

Brazilian oil firm Petrobras is set to kick off the first of the two seismic acquisitions of the Sapinhoá field monitoring project, in the pre-salt of the Santos Basin, offshore Brazil. "Seismic acquisition is an important tool for managing the deposit (reservoirs) and optimizing production systems, seeking to maximize the value of the assets by... Continue Reading →

Government makes key changes to enable sale of the Sépia and Atapu blocks, by Henrique Jäger and João Montenegro

(TNPetroleo) After the unsuccessful attempt to auction off the production surpluses from the Sépia and Atapu pre-salt blocks, on November 6, 2019, the government decided to carry out a broad change in the parameters that guide the supply of these areas. Either directly, through the significant reduction of government participation in the revenue that will... Continue Reading →

ExxonMobil cheers fresh discovery off Guyana

Oil major ExxonMobil has made a new discovery at Longtail-3 well located in the Stabroek Block offshore Guyana, using the Stena DrillMAX drillship. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 discovery intervals, according to ExxonMobil’s statement on Wednesday. The well is... Continue Reading →

PGS wraps up 3D data revitalization at Bauna field

Petroleum Geo-Services (PGS) has revitalized 3D data over the Bauna field in southwest Santos Basin and its surrounding area offshore Brazil. This preprocessed dataset is now available for evaluation of blocks for Brazil’s upcoming Permanent Offer Round. The data rejuvenation of legacy survey BM-S-40 started from field tapes and applied the latest workflow for data... Continue Reading →

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