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Rystad said that, in absolute terms, Brazil experienced the second greatest drop in opex per boe, falling from $16 per boe in 2014 to $11 per boe in 2019. This reduction was driven primarily by a significant increase in production, especially from the giant Lula field. Across the globe, opex per boe in Norway is... Continue Reading →
Jan 7, 2020 Pre-Sal Petróleo (PPSA), which is responsible for representing the Union in the production sharing agreements, has signed with Petrobras an agreement for the commercialization of the gas production of the Union of Southwest Tartaruga Verde Field. The agreement will be effective from January 1 to December 31, 2020 and provides that the... Continue Reading →
Apache and Total announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. Maka Central-1 successfully tested for the presence of hydrocarbons in multiple stacked... Continue Reading →
Jan 3, 2020 Equinor forecasts two FPSOs for Carcará Equinor will install two FPSO-type platforms to produce oil and gas in Carcará, in the Santos Basin pre-salt. The first production unit, with a capacity of 220,000 barrels per day of oil and 15 million m³ / day of natural gas, will be the largest in... Continue Reading →
January 3, 2020 A 313 km long pipeline, being 294 km offshore and 19 km onshore, linking the Santos Basin pre-salt production hub to Madeira Island at the Itaguaí Port in Rio de Janeiro. This is Cosan's new project for harnessing pre-salt ultra-deepwater gas, in a project that begins with the discovery of Carcarcá, operator... Continue Reading →
2 JAN 2020 Brazil's oil exports reached a record in December and are expected to continue to grow in the coming months and years, given a significant advance in production in the pre-salt fields, which could place Brazil among the top five global producers. The country exported 8.72 million tons in December, more than double... Continue Reading →
December 27, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the press releases disclosed on October 10, November 6 and 7, and December 11, 2019, reports that today it made the final payments in the amount of R$ 34.191 billion (thirty four billion one hundred and ninety one million reais), referring to the... Continue Reading →
December 26, 2019 Petrobras began a new environmental licensing process for drilling an exploratory well in the area of block BM-P-2 in the Pelotas Basin. The opening of the new process follows a license denied by Ibama for the campaign in the region. The request at Ibama was filed on December 3. After 14 years... Continue Reading →
Dec 27, 2019 Equinor, as operator, on behalf of the BM-S-8 and Norte de Carcará consortiums, informs that it has submitted to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the Declarations of Commerciality of the Carcará discovery, in the area of Santos Basin pre-salt. Together with the Declarations of Commerciality, the consortia... Continue Reading →
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers. An ExxonMobil-led consortium, which includes Hess Corp and China's CNOOC Ltd, began producing crude from the Liza well on... Continue Reading →
Brazil Energy Insight 