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Petróleo Brasileiro S.A. – Petrobras informs that it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin. The well is located 188 km from the city of Rio de Janeiro and was drilled at a water depth of 1,850... Continue Reading →
The oil company announced to its shareholders this morning that it will assume the entire stake in the Atlanta Field, in the BS-4 block of the Santos Basin. Looking to the future, the company is now preparing to start a bidding process to contract the definitive FPSO for the field - which today has an... Continue Reading →
The ANP Board approved yesterday the participations agreed between Pré-Sal Petróleo SA (PPSA) and Petrobras, on the volumes exceeding those contracted for Transfer of Rights in the areas of Atapu and Sépia, according to MME Ordinance No. 23 / 2020. MME Ordinance No. 23, dated 01/27/2020, qualified PPSA as a representative of the Federal Government... Continue Reading →
Smack dab in the middle of an oil price crisis caused by an unprecedented demand loss, Exxon announced the latest in a string of discoveries off the eastern South American shore, this time in Suriname. It must have felt like adding insult to injury for OPEC producers and reckless behavior for investors, but offshore oil... Continue Reading →
Australian oil and gas company BHP, working to develop the Trion field offshore Mexico, has hired DNV GL to verify that the new infrastructure built for the Trion project is compliant with local and global safety, as well as other requirements. BHP acquired the Trion asset in Mexico’s first-ever Deepwater Bid Round in 2016. The... Continue Reading →
The Union oil surplus under the production sharing regime increased 74% in October, compared to September, registering a daily average of 7 thousand barrels of oil. Of this total, 4 thousand bpd (barrels of oil per day) were produced in the Mero Development Area, 3 thousand bpd in Entorno de Sapinhoá and 40.7 bpd in... Continue Reading →
The 10 Year Energy Plan (PDE) 2030 is in public consultation this week, bringing some expressive forecasts about how the oil and gas sector in Brazil will develop in this decade. The document points out that the exploration and production (E&P) segment should receive investments between US$ 415 billion and US$ 454 billion in the... Continue Reading →
Dutch offshore services company Fugro has said it has won a contract with Malaysia's Petronas, to provide positioning services for Petronas' exploration program offshore Suriname. The news comes just days after Petronas said it had discovered hydrocarbons in its Block 52, off Suriname. Under the 2-year contract, which has already started, Fugro is deploying its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 16, 2020, informs the beginning of the non-binding phase regarding the sale of 50% of its stakes in the concessions of Marlim, Voador, East Marlim and South Marlim, together called the Marlim Cluster, located predominantly in deep waters in the Campos Basin. ... Continue Reading →
Chinese shipbuilder Cosco Shipping Heavy Industry has delivered the floating production, storage, and offloading (FPSO) vessel set to work on Eni’s Amoca shallow-water project off Mexico. Cosco held the delivery ceremony on Thursday, 10 December. It was the second large-scale offshore engineering project delivered by Cosco Shipping Heavy Industry yard in Shanghai this year. This... Continue Reading →
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