(PetroleoHoje) Ocyan signed a contract with Petrobras for the removal of flexible and umbilical ducts from the Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema FPSOs, located in the Campos and Sergipe-Alagoas basins. Ocyan had submitted the lowest bid in the state-owned company's tender, with a value below R$900 million. The... Continue Reading →
FAR opts to keep future Senegal payment and embarks on Gambian assets farm-out
Australia’s FAR Limited has decided to retain the Woodside Contingent Payment within the company rather than demerging it into a new entity. However, a demerger is still on the table for the firm’s exploration portfolio in The Gambia, as the Australian player seeks farm-out options or outright sale to maximise the value of these assets.... Continue Reading →
Creditors approve amendment to Constellation’s recovery plan
(PN) Constellation reported this week that an amendment to its Judicial Recovery Plan was unanimously approved by its creditors. In a statement, the company stated that the payment conditions and restructuring measures indicated will only come into force after a Confirmation Order issued by the 1st Business Court of Rio de Janeiro, which should happen... Continue Reading →
ExxonMobil comes out empty-handed after completing Brazilian well – Cutthroat
Oil and gas major ExxonMobil has completed its drilling operations on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil, but failed to verify the presence of hydrocarbons. ExxonMobil started drilling the exploration well 1-EMEB-3-SES in the Block SEAL-M-428 on 20 February 2022, using Seadrill’s West Saturn drillship. The operations were expected to last between 45 –... Continue Reading →
Eni Shares Major Resource Upgrade for Ndungu Field Offshore Angola
(OE) Italian oil firm Eni on Monday announced "a major upgrade" of the resource base in the Ndungu field, located some 130 km off the coast of Angola, and about 10 km from the Ngoma FPSO in the West Hub of block 15/06. Eni said it had drilled the Ndungu 2 appraisal well drilled 5... Continue Reading →
PGS adds more 3D GeoStreamer data for Tano Basin off Ghana
PGS has added a further 2,000 square kilometers of KPSDM processed MultiClient 3D GeoStreamer data for the Tano Basin offshore Ghana. The survey targets an area that has seen recent high-profile exploration success, with ENI’s Baliene-1X discovery in August 2021, and Springfield’s Afina-1X discovery in November 2019, PGS said. The Upper Cretaceous play is the... Continue Reading →
Talos Disappointed as Pemex Gets to Run Development of Giant Zama Offshore Oil Discovery
(OE) Mexican authorities have decided that Mexico's national oil company Pemex would become the operator of the giant Zama offshore field development, despite the fact that the discovery was made by the U.S. oil company Talos Energy back in 2017. Talos Energy said Monday it had received the final Unitization Resolution ("UR") from Mexico's Ministry of... Continue Reading →
ANP Exploratory period of ExxonMobil in the Sergipe-Alagoas and Santos basins
(PN) The National Petroleum Agency (ANP) extended the first exploratory period in five blocks of the oil company in the Sergipe-Alagoas and Santos basins. The extra period was given within the context of ANP resolution 815/2020, which allows for the extension of certain contractual terms for the Exploration Phase for a period of nine months.... Continue Reading →
AET’s Petrobras-bound Newbuild Shuttle Tanker Named in South Korea
Tanker operator AET named its new shuttle tanker Eagle Colatina earlier this week in South Korea. The vessel is the first of three purpose-built Suezmax dynamic positioning (DP2) shuttle tankers for a long-term charter to the Brazilian oil company Petrobras based on the agreement signed in February 2020. Shuttle tankers are used for the offloading... Continue Reading →
Shell Brazil intends new drilling campaign in 2023
(PetroleoHoje) Shell intends to carry out a new exploratory campaign in Brazil in 2023, with the drilling of at least two wells in the Campos and Santos basins. The oil company launched a bid to charter a rig. Some companies, however, have already informed that they are not available to attend the campaign. Shell does... Continue Reading →
