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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/01/2022, informs that it has completed a Drill Stem Test (DST) on the 1-BRSA-1383A-RJS wildcat well (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern portion of the Campos Basin. The new discovery, announced on April 1st, is located 230... Continue Reading →
Petro Rio S.A. (“PRIO”), informs its shareholders and the market in general of the start of production of the 7-FR-54H-RJS (“ODP4”) well, in the Frade Field, with stabilized initial production of approximately 15,000 barrels of oil per day, significantly above original projections, doubling the Field’s production and increasing the Company’s production by 45%, to 48,500... Continue Reading →
(PN) The platform ship (FPSO) Anna Nery left the Cosco Qidong shipyard in China and began its journey to Brazil. In the next two weeks, the vessel will carry out navigation tests in Chinese waters. It will then make stops in Singapore and Mauritius, to refuel and change crews. The arrival in Brazil is scheduled... Continue Reading →
(OM) Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its Buzios deepwater project. Located in the presalt Santos Basin, Buzios production is expected to reach 2 MMbbl/d by 2030, up from a current 0.7 MMbbl/d. This equals approximately 70% of today’s total production in Brazil. The total... Continue Reading →
(PN) PRIO announced that it has started production at the ODP4 well, in the Frade field, in the Campos basin. The oil company received approval from the Brazilian Institute for the Environment (Ibama) for new drilling activities in the asset. The ODP4 well is particularly special, as it is the first in Frade's revitalization program.... Continue Reading →
ANP published the Monthly Bulletin of Oil and Natural Gas Production, with consolidated data on national production for the month of May. Approximately 2.879 MMbbl/d (million barrels per day) of oil and 132 MMm3/d (million cubic meters per day) of natural gas were produced, totaling 3.707 MMboe/d (million barrels of oil equivalent per day) Pre-salt... Continue Reading →
German engine manufacturer MAN Energy Solutions has been hired by Malaysia’s Yinson to supply a total of seven compressor trains for an FPSO vessel, which will be deployed off the coast of Brazil. MAN Energy Solutions revealed on Thursday that it has been commissioned by Yinson to provide five centrifugal compressor trains for gas production and export. The... Continue Reading →
(Valor) The result of Petrobras' billion-dollar international tender for the construction of two platform ships aimed at producing pre-salt oil could have been different if more companies had participated in the process, increasing competition and reducing unit prices, sources say. The tender aimed to build platforms P-80 and P-82, for exploration of pre-salt deposits, in... Continue Reading →
(OE) After Mexico's Pemex said Sunday it had signed a deal with the U.S. firm New Fortress Energy (NFE) to develop the Lakach deepwater gas/condensate field, the confirmation also came from NFE, which shared more info on the development plan. The agreement involves the joint development of the Lakach deepwater natural gas field for Pemex... Continue Reading →
(OED) Offshore drilling firm Valaris said this week it has recently secured offshore drilling contracts and extensions worth $466 million in total, with the majority of the new backlog filled by a $327 million drillship deal with Equinor in Brazil. The company CEO Anton Dibowitz said he saw a constructive outlook for the offshore drilling industry, as... Continue Reading →
Brazil Energy Insight 