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(Reuters) - Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets. In total, there are 92 blocks up for grabs in four offshore zones... Continue Reading →
Malaysian FPSO provider Yinson is on track with an FPSO conversion project for a Petrobras-operated project off Brazil with topside module integration currently in progress. Yinson on Thursday shared an update on the progress of its Anna Nery FPSO, which will work for Petrobras on the Marlim 2 oil field in the Campos Basin. The... Continue Reading →
Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France's Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a consortium composed of private equity firm EIG Global... Continue Reading →
3R Petroleum recorded an average production of 6,752 barrels of oil equivalent (boe) per day in 3Q 2021, compared to 5,635 boe/d recorded in the previous quarter. -- Most of the increase in production took place with the start of production of the Rio Ventura cluster, in Bahia, acquired from Petrobras in 2020. -- Production... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Strategic Plan 2022-26 (SP 2022-26) is under preparation. Following the previous years, in SP 2022-26 the Company intends to present its production curve, the plan's financing, as well as the investment projection (CAPEX), including the amount to be spent each year and the main projects to be... Continue Reading →
(PetroNoticias) Petrobras began drilling a wildcat well (1-BRSA-1382D-RJS) in the Tres Marias block, in the Santos basin. The activity is being carried out with the Ocean Courage rig, in a water depth of 2223 meters. The information was released by the National Petroleum Agency (ANP). As a reminder, the Tres Marias block was sold during... Continue Reading →
(Valor) The inclusion of blocks in the Potiguar and Pelotas basins in the 17th Round of the ANP, scheduled for Oct 7th, puts into discussion the environmental licensing of areas considered sensitive to oil activity. Under debate is the possibility of carrying out the licensing in advance or, at least, redeeming the assessment instrument that... Continue Reading →
(OE) Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region. Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However, the final point in the golden triangle, West Africa, has struggled with sluggish growth, with current... Continue Reading →
(PetroleoHoje) Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell's new campaign will include the drilling of two wells, one infill in BC-10 and the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/29/2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. (CNODC) has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in... Continue Reading →
