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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 →
TMC Compressors, a Norwegian supplier of compressed air systems for marine and offshore use, has been contracted to supply a large marine compressed air system for Petrobras’ Mero 3 floating, production, storage and offloading (FPSO) vessel, which will operate offshore Brazil. TMC Compressors reported on Wednesday that the marine compressed air system for the Mero 3 FPSO (Marechal... Continue Reading →
Maersk Drilling expects to deliver the semisubmersible Maersk Developer for operations on Karoon Energy’s projects offshore Brazil between April 15 and May 15, 2022. However, the program remains subject to the receipt of regulatory approvals. Karoon plans to use the rig for its Baúna intervention campaign and Patola field development, which should boost the company’s production by 15,000-20,000 b/d... Continue Reading →
ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble Sam Croft will be engaged in drilling activities at this new prospect which is situated... Continue Reading →
Brazil Energy Insight 