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Jun 23, 2020 Ocyan is celebrating the results achieved with its commitment to an innovative methodology for drilling wells in deep waters in Brazil. The company already accumulates 26 wells drilled using pressure controlled technology (MPD). The method, according to the company, guarantees greater operational safety in the development of complex projects. “When we started... Continue Reading →
Jun 22, 2020 Brazilian production still feels the demand effects of the coronavirus pandemic and suffered a further drop in May. During the period, 2.77 million barrels were extracted per day, which represents a decrease of 6.52% in comparison with the previous month. Meanwhile, natural gas production also declined in May. Altogether, there were 114.3... Continue Reading →
Jun 22, 2020 The drilling of the first exploratory well on Saturno, an area of the 5th Production Sharing Round, in the Santos Basin resulted in a duster. The conclusion and result of the campaign - carried out by the consortium formed by Shell (operator, with 45% stake), in partnership with Chevron (45%) and Ecopetrol... Continue Reading →
Jun 22, 2020 The Brazilian Institute of the Environment (Ibama) granted the Operation License for the platform vessel P-70, from Petrobras. The unit will be installed in the Atapu field, in the Santos Basin pre-salt. The document will be valid for four years. The P-70 will have the capacity to process 150,000 barrels of oil... Continue Reading →
June 16, 2020 Petrobras has postponed until July the deadline for submitting the bidding proposals for chartering one or more drill rigs for Mero, a production sharing field located in the Santos Basin. The date was scheduled for 19 of June, but the oil company chose to postpone to 6 of July. Source: PetroleoHoje
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil. DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020. Continue reading
Jun 16, 2020 Ordinance No. 239 of the Ministry of Mines and Energy (MME) was published in the Official Gazette (DOU), which authorizes the ANP to enable the nine-month extension of the deadlines related to the Exploration provided for in contracts under the Production Sharing regime, in accordance with the conditions established in ANP Resolution... Continue Reading →
Norwegian seismic acquisition company PGS has said that its Ramform Titan has completed a seismic survey project in Brazil, breaking a streamer spread record in the process. The company said Tuesday that it had completed the survey on the first two parts of a new long-offset GeoStreamer-X seismic survey in Campos Basin. Continue reading
Following the publication of the upstream industry’s first quarter results, a Rystad Energy analysis reveals a gloomier investment-budget picture than previously thought. Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad’s... Continue Reading →
Jun 10, 2020 The Ministry of Mines and Energy presented the schedule for the auction of Sepia and Atapu, remaining from the Transfer of Rights. The federal government expects the announcement to be published in the second quarter of next year, followed by the auction in the third quarter of 2021. Earlier this month, Minister... Continue Reading →
Brazil Energy Insight 