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Between 2021 and 2025, Petrobras plans to invest US$ 13 billion in the Campos Basin, mainly for the revitalization of oil fields. Petrobras has reallocated investments through what it calls "active portfolio management", that is, it has bet on assets with the potential to generate more value in the medium and long term and the... Continue Reading →
Offshore accommodation provider Floatel International has secured another contract for one of its units, this time with Norway’s Equinor for operations in Brazilian waters. Floatel informed on Tuesday that Equinor Brasil Energia had awarded a contract to Floatel Victory to provide maintenance and safety unit (MSU) services alongside Peregrino floating production storage and offloading unit... Continue Reading →
Prysmian Group has secured a contract to provide deep-water electro-hydraulic umbilicals and specialized offshore and logistic services to Petrobras. Italian cabling company is to deliver 350 kilometres of high-end deep-water electro-hydraulic umbilicals using both steel tube and thermoplastic technology. The umbilicals will be engineered, produced, tested and delivered in the period from 2022 to 2025... Continue Reading →
The economic recovery of Brazil’s ultra-deepwater oil and gas market is underway, according to a recent report by Evercore ISI. In its latest Offshore Rig Market Snapshot (July 2021), the consulting firm noted that three term floater contracts were signed for Brazil over the week ending July 15, with Petrobras renewing two ultra-deepwater drillships and... Continue Reading →
Fully electrical completion of wells is the main focus of the two companies, which combine expertise to provide integrated solutions in this area Ouro Negro and Superior Energy Services announce a strategic partnership to provide integrated solutions in the area of wells, especially in more complex environments, such as pre-salt and ultra-deep waters. By adding... Continue Reading →
DOF Subsea has mobilized Skandi Neptune for the ocean bottom node (OBN) 4D seismic campaign on the Jubarte field in the Campos Basin offshore Brazil. As reported in May, Skandi Neptune will support the seismic surveys that Shearwater GeoServices will carry out on Petrobras’ Jubarte, Tupi and Iracema fields. The vessel and the team will first... Continue Reading →
Japan’s MODEC and Toyo Engineering Corporation (TOYO) are entering into talks to study an alliance for FPSO vessels. MODEC said on Thursday that the two companies have reached an agreement to execute a Memorandum of Understanding (MOU) to enter into discussions and to conduct the Feasibility Study (FS) regarding the alliance in the Engineering, Procurement,... Continue Reading →
(epbr) In June, Petrobras began contracting the FPSO for future deepwater fields in the Sergipe-Alagoas Basin. The company's current business plan foresees investments in the order of R$ 2 billion in the development of reserves. — The information comes from the Production Development director, João Henrique Rittershaussen, who spoke about the business in the E&P... Continue Reading →
Malaysian oil and gas firm Petronas is preparing to start drilling an offshore well in Mexico. According to an exploration report by its Indonesian partner Medco Energi, Petronas is gearing up to drill the Bacalar-1EXP exploration well. Medco is a partner through its subsidiary Ophir Mexico Operations Block 12. The well will cost $4,417,169 in... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) informs its shareholders and the market in general that it has signed with Ocyan Drilling S.A. a contract to hire the NORBE VI drilling rig for the Frade Field Revitalization Campaign and the Wahoo Field development. The contract will begin in March 2022 and will enable the... Continue Reading →
Brazil Energy Insight 