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A setback in a process for contracting rigid risers by Petrobras. The company announced this week that it has canceled the contracting of Engineering, Procurement, Construction and Installation (EPCI) services for subsea rigid lines (SURF). The pipelines would be used in the initiative called “WAG Full Field of the Tupi Field” by Petrobras, which consists... Continue Reading →
(PN) Petrobras' exploratory program for the remainder of the year will have at least three more new wells drilled. The new wells will be drilled in the Andura and Joelho prospects, in the Espírito Santo Basin, and Morfo, in Foz do Amazonas. The company's exploratory program in Brazil includes eight wells throughout the year. Of... Continue Reading →
A new way of thinking about technology and doing business with service providers has enabled Petrobras to increase the efficiency and rate of penetration of its drill bits, a Petrobras official said at OTC on Monday. Along the way, Petrobras official Adriano Gouveia Lima Gomes dos Passos said that his company worked with its suppliers to... Continue Reading →
The government of Equatorial Guinea has granted an extension of the Production Sharing Contract ("PSC") for the offshore Block G until December 31, 2040, covering both the producing Ceiba and Okume Complex Fields, Panoro Energy, a partner in the project, said. Prior to the extension, the PSC expiry for the Ceiba Field was 2029 and... Continue Reading →
(Reuters) - Guyana is in "no rush" to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output. The government of South America's newest crude oil producer said in 2021 it was planning a new agreement to... Continue Reading →
Offshore seismic data company ION Geophysical has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program. The Caribe Colombia Reprocessing project is a 2D multi-client program designed to improve understanding of the... Continue Reading →
Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO). Keppel Offshore & Marine, which is set to merge with Semcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore,... Continue Reading →
(OE) Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known as OPEC+, pumped 1.45 million barrels per day (bpd) -... Continue Reading →
Rio de Janeiro, May 05, 2022 - Once again we delivered solid quarterly results. “These financial results are due to the fact that today we have a healthy Petrobras, which has reduced its debt burden, invests responsibly and operates efficiently. Therefore, it is possible to generate this compelling return to our shareholders, especially the Brazilian... Continue Reading →
(TN) Petrobras informs that the fourth producing well connected to the FPSO Carioca has come into operation, in the Sépia field, in the pre-salt layer of the Santos Basin. The opening of the last producing well added 41 thousand barrels of oil per day (bpd) to the unit - which already produced 134 thousand bpd.... Continue Reading →
Brazil Energy Insight 