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(OM) Petrobras’ average production in first-quarter 2023 rose to 2.68 MMboe/d. Main factors were the ramp-up of the P-71 FPSO at the Itapu Field in the presalt Santos Basin; startup of eight new wells in the Campos Basin (including three at Roncador and four at Barracuda, Caratinga, and the Jubarte Cluster); and improved platform production efficiencies. Presalt... Continue Reading →
Brazil's Petrobras may move a rig it has installed to drill at the mouth of the Amazon River Basin to another location if it does not obtain a long-awaited environmental license to start operations there, an executive said on Monday. The remarks from Exploration and Production Executive Director Joelson Mendes come after technical staff at... Continue Reading →
(OM) The 10-year long-term agreement between Vallourec and ExxonMobil Guyana began in 2022 with the Yellowtail project, Vallourec announced May 3. The customer will utilize Vallourec’s line pipe products and its suite of digital solutions. Yellowtail is a deepwater project based in the Stabroek Block, more than 100 miles off the coast of Guyana. In 2022 Vallourec... Continue Reading →
(OED) Partners in the Corentyne block – Canada’s CGX Energy and Frontera Energy – have revised the total cost estimate for an exploration well, which recently found oil-bearing intervals, and its drilling programmed offshore Guyana, which is being carried out by a Noble-owned rig. Back in February 2022, Frontera and CGX disclosed a plan to spend... Continue Reading →
TotalEnergies has awarded Aker Solutions a contract to provide its deepwater standard Subsea Production Systems for three additional infill wells tied back to the Moho Nord field in the Republic of the Congo. Aker Solutions said the order was a sizable one. Aker Solutions defines a sizeable contract as being between NOK 0.5 billion (currently... Continue Reading →
Italian offshore energy services firm Saipem has received from ExxonMobil the authorization to proceed with the final phase of its contract related to the delivery of subsea systems for the Uaru oil field development project in Guyana. In December 2022, pending regulatory approvals, Saipem was awarded a large contract by ExxonMobil Guyana for the Uaru oil field... Continue Reading →
In 1Q23, average oil, NGL and natural gas production reached 2.68 MMboed, 1.1% higher than 4Q22, mainly due to the start of the ramp-up of P-71, in Itapu field, in Santos Basin pre-salt, the start-up of 8 new wells in Campos Basin and higher production efficiencies in the platforms. Pre-salt production reached a new monthly... Continue Reading →
Offshore accommodation firm Prosafe said Wednesday that its Safe Zephyrus semi-submersible vessel for safety and maintenance support had started its contract offshore Brazil with Petróleo Brasileiro SA ('Petrobras'). The contract started on April 30 and has a firm commitment period of 650 days. Prosafe signed the $73 million contract with Petrobras in December 2022. Built... Continue Reading →
TotalEnergies, Sonangol, and Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), have signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on Blocks 20 and 21 in the Kwanza basin, offshore Angola. "This heads of agreement is an important milestone towards a final investment decision expected in... Continue Reading →
(OM) Brazil has all the ingredients in place to lead the world in terms of low-emission/high-profit oil and gas production, according to Carlos Travassos, chief engineering, technology and innovation officer at Petrobras. He spoke at the Offshore Technology Conference (OTC) yesterday on the panel “Brazilian Energy Outlook: Strengthening the Offshore Activities.” Travassos cited the company’s... Continue Reading →
Brazil Energy Insight 