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The ANP will carry out the Second Round of Tenders for the Surplus Volumes of the Transfer of Rights, under the production sharing regime on Dec. 17. Two development areas will be offered in the Santos Basin: Atapu and Sépia. The public session will be held in Rio de Janeiro, in compliance with the health... Continue Reading →
Petrobras concluded the drilling of the pioneer oil exploratory well in block ES-M-669, in the pre-salt of the Espírito Santo Basin. Named Monai, the project broke the record for the deepest well ever drilled in Brazil, at around 7,700 meters. Just by way of comparison, this distance is equivalent to 1.3 times the height of... Continue Reading →
(PetroleoHoje) Drillship Amaralina Star will operate dedicated to the Roncador field, from the end of 2022. Constellation and Petrobras signed a charter contract for the unit for a period of two years, with possibility of extension for another 365 days. Constellation presented the best daily rate in Petrobras' bid to contract a rig for the... Continue Reading →
Brazil's energy policy council CNPE authorized oil regulator ANP to put 11 pre-salt blocks in the Campos and Santos basins up for sale permanently, with a total signing fee estimated at 1.3 billion reais ($233 million), the government said on Thursday. That system until now had been used for areas with less potential and did... Continue Reading →
Oilfield services giant TechnipFMC has signed three flexible pipe frame agreements with Brazil's Petrobras. "Altogether, the frame agreements form a large contract for TechnipFMC," the company said. For TechnipFMC, a “large” contract is between $500 million and $1 billion. The contracts were awarded as part of Petrobras’s drive to increase oil recovery in its brownfield... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 11/22/2016 and 03/21/2018, informs that it will receive from Equinor Brasil Energia Ltda. (Equinor) the last contingent installment in the amount of US$ 950 million related to the sale of its stake in the exploratory block BM-S-8, where the Bacalhau field (former Carcará... Continue Reading →
The board of the National Petroleum Agency (ANP) approved the Production Individualization Agreement (PIA) for the shared Bacalhau deposit, located in the Santos Basin. As a reminder, the PIA is an instrument used when reservoirs or deposits extend over more than one exploratory block or when they cover a non-contracted area. In 2014, Equinor had... Continue Reading →
A new important milestone for Petrobras and its partners in the consortium that operates in the Libra block, in the Santos Basin pre-salt. The board of the National Petroleum Agency (ANP) approved the first development plan for the Mero field, which is located within the Libra area. In all, 65 wells will be drilled in... Continue Reading →
(Reuters) - Oil major Chevron (CVX.N) and the government of Equatorial Guinea have signed a production-sharing agreement for an offshore block in the Douala Basin, oil minister Gabriel Mbaga Obiang Lima said on Friday. The agreement grants Chevron 80% ownership over block EG-09, which sits along Equatorial Guinea's northern border with Cameroon, south of the Aseng and... Continue Reading →
(OE) French oil major TotalEnergies has completed the sale of the Cap Lopez Terminal and non-operated offshore field in Gabon to Perenco. "After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon," TotalEnergies said Thursday. With the transaction valued at $350 million before final adjustment, TotalEnergies EP Gabon... Continue Reading →
Brazil Energy Insight 