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U.S. oil and gas giant ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 wells located in the prolific Stabroek block offshore Guyana. In a statement on Wednesday, ExxonMobil confirmed that the Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838... Continue Reading →
(PetroNoticias) Constellation Oil Services announced this week that it has signed new contracts with Petrobras for the charter of two semi-submersible rigs. The contracts involve the Gold Star and Lone Star rigs and will last for three years. The rigs will operate in water depths of up to 2,400 meters and exploration campaigns are scheduled... Continue Reading →
Petrobras created the RES20 program, enabling to recover up to 20 billion barrels of oil equivalent (boe) in its operational fields by 2030. The program was created with a focus on the incorporation of new reserves and targets the main oil fields of the company. To date, in nearly seven decades of the company's operations... Continue Reading →
Domestic oil production in November was 2.852 million bpd, up 2.7% from the previous month; and 3.5% compared to November 2020. In natural gas, with production of 137 million cubic meters per day, there was an increase of 3.7% compared to October and 8.1% compared to November 2020 Total Brazilian oil and gas production during... Continue Reading →
French oil company TotalEnergies began drilling the Marolo-1 well in block C-M-541 on the 31st. The activity is being carried out by the Valaris DS-15 drillship, in a water depth of 3,000 meters. Valid for 5 years, the license issued by the Brazilian Institute for the Environment (Ibama) authorized the drilling of two exploratory wells... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, as the operator of Consortia BM-SEAL-4 and BM-SEAL-11, and the sole owner of the rights to the BM-SEAL-4A and BM-SEAL-10 Concessions, informs that it submitted today to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the declarations of commerciality of the oil accumulations located in the areas of... Continue Reading →
(PetroleoHoje) Ventura (Petroserv) will secure two new charter contracts with Petrobras in January. The oil company decided to hire the semi-submersible Victoria and the drillship Carolina, offered in the tender for 2,400 m. The rig company won the batch B bidding process, aimed at chartering units without MPD. The rates presented by Ventura were around... Continue Reading →
Brazil has always pushed the boundaries of deepwater exploration and production – and it’s still doing so today. With some of the world’s largest deepwater reservoirs, that are often complex in themselves, it’s had to come up with new solutions. Elaine Maslin found out more from André Lima Cordeiro. (OE) Petrobras has often led the... Continue Reading →
(OM) Brazilian oil and gas giant Petrobras and its partners have submitted a revised development plan to the National Petroleum Agency, Natural Gas and Biofuels (ANP) for Tupi and Iracema fields – located offshore Brazil – in a bid to increase the recovery of hydrocarbons from the area. Petrobras reported on Wednesday that it has submitted the review of... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras significantly increased the amount of carbon dioxide it re-injected into its offshore oilfields in 2021, a major step forward in the firm's emission-reduction goals. According to a release provided by Petrobras, formally Petroleo Brasileiro SA (PETR4.SA), the company re-injected 6.7 million tonnes of carbon dioxide produced in the oil... Continue Reading →
Brazil Energy Insight 