Offshore drilling company Seadrill has won two contracts with Brazil's Petrobras for the West Carina and West Tellus drillship. The two rigs will work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with an expected start in September 2022. The total contract value for the two contracts... Continue Reading →
PETROBRAS ABANDONS DIVESTMENT OF THE MARLIN AND SERGIPE-ALAGOAS CLUSTERS
Petrobras divestment plan suffered a significant blow. The company decided that it will no longer sell 50% of the Marlim Cluster, which comprises of the Marlim, Voador, Marlim Leste and Marlim Sul fields, located predominantly in deep waters in the Campos Basin. “It is an asset that we have already managed to extend [the term... Continue Reading →
BP Starts Production at Angola’s Platina Oilfield
BP said on Thursday it had started production at the Platina oilfield offshore Angola, helping Africa's second biggest oil exporter slow a decline in output. The Platina field will be linked to BP's existing Greater Plutonio floating production, storage and offloading (FPSO) system in Angola's Block 18 which started up in 2007. It will produce... Continue Reading →
BRASFELS SHIPYARD STARTED MANUFACTURING MODULES FOR THE P-78 FPSO
The Brasfels shipyard, in Angra dos Reis (RJ), began manufacturing the production modules for the FPSO P-78, which will be installed in the Buzios field, in the Santos Basin. Altogether, ten modules will be built here in Brazil – out of a total of 21 – and the work should last around 20 months. The... Continue Reading →
Brazil expects to raise $116 billion in 10 years with oil produced in subsalt area
(Reuters) - A Brazil's state-controlled company that manages the government share of oil produced in the subsalt areas estimates the government will raise $116 billion selling oil through 2031. State-controlled PPSA CEO Eduardo Gerk estimates production of 8.2 billion barrels under the so-called production sharing contracts over the next 10 years, of which 1.5 billion... Continue Reading →
Yellowtail subsea contract among top 10 global awards for the century – Rystad Energy
French-American multinational, TechnipFMC recently landed a multi-million dollar contract to supply the subsea equipment for ExxonMobil’s fourth project in the Stabroek Block at the Yellowtail Development area. Based on its analysis of this contract alongside its record of others in the industry over the years, Rystad Energy recently noted that it ranks among the top... Continue Reading →
Lukoil Makes Oil Discovery Offshore Mexico
(OE) Russian oil company Lukoil has said it has discovered an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels, Lukoil said. Lukoil used the Valaris Valaris 8505 semi-submersible... Continue Reading →
Guyana to Request Stronger Financial Guarantees from Oil Operators
Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance, a type of insurance, to cover emergency responses to accidents. Financial assurance is also used at times in some... Continue Reading →
PJV to Equip Brazil-bound FPSO Duo with Valves
PJ Valves (PJV), a manufacturer and supplier of valves for the energy industry, has secured orders to supply valves for two FPSOs in Brazil. One of these FPSOs is planned to be one of the largest offshore oil producing units in the world. The FPSO, destined for the Buzios field, will have daily processing capacity... Continue Reading →
PETROBRAS TO CONTRACT 4D SEISMIC SURVEY FOR THE CAMPOS BASIN
Petrobras will acquire an exclusive 4D streamer seismic and more gravity and magnetometric data through a mega-campaign in the Marlim Sul, Marlim Leste, Barracuda and Caratinga fields, in the Campos Basin. The oil company launched a tender for contracting the service, scheduling the delivery of proposals for December 17th. The 4D streamer seismic mapping will... Continue Reading →
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